Norfolk Southern (NSC) Dividend History & Yield
Norfolk Southern (NSC) has increased its dividend for multiple years and currently yields 1.88%. The most recent payment was $1.3500/share on Feb 6, 2026, paid Quarterly.
Current Yield
1.88%
TTM Dividend/Share
$5.40
Payment Frequency
Quarterly
Payout Ratio
42.3%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
7.51%
Div Growth (10Y CAGR)
6.23%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 42.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($9.60) covers dividend/share ($5.40).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Feb 6, 2026
- Payment date
- Feb 20, 2026
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 1.76%
Ex-date Nov 7, 2025
- Payment date
- Nov 20, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 1.90%
Ex-date Aug 1, 2025
- Payment date
- Aug 20, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 1.96%
Ex-date May 2, 2025
- Payment date
- May 20, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.41%
Ex-date Feb 7, 2025
- Payment date
- Feb 20, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.17%
Ex-date Nov 1, 2024
- Payment date
- Nov 20, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.16%
Ex-date Aug 2, 2024
- Payment date
- Aug 20, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.22%
Ex-date May 2, 2024
- Payment date
- May 20, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.31%
Ex-date Feb 1, 2024
- Payment date
- Feb 20, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.12%
Ex-date Nov 2, 2023
- Payment date
- Nov 20, 2023
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.81%
Ex-date Aug 3, 2023
- Payment date
- Aug 21, 2023
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.33%
Ex-date May 4, 2023
- Payment date
- May 20, 2023
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
- Yield (ex-date)
- 2.54%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Feb 6, 2026 | Feb 20, 2026 | $1.3500 | $1.3500 | 1.76% |
| Nov 7, 2025 | Nov 20, 2025 | $1.3500 | $1.3500 | 1.90% |
| Aug 1, 2025 | Aug 20, 2025 | $1.3500 | $1.3500 | 1.96% |
| May 2, 2025 | May 20, 2025 | $1.3500 | $1.3500 | 2.41% |
| Feb 7, 2025 | Feb 20, 2025 | $1.3500 | $1.3500 | 2.17% |
| Nov 1, 2024 | Nov 20, 2024 | $1.3500 | $1.3500 | 2.16% |
| Aug 2, 2024 | Aug 20, 2024 | $1.3500 | $1.3500 | 2.22% |
| May 2, 2024 | May 20, 2024 | $1.3500 | $1.3500 | 2.31% |
| Feb 1, 2024 | Feb 20, 2024 | $1.3500 | $1.3500 | 2.12% |
| Nov 2, 2023 | Nov 20, 2023 | $1.3500 | $1.3500 | 2.81% |
| Aug 3, 2023 | Aug 21, 2023 | $1.3500 | $1.3500 | 2.33% |
| May 4, 2023 | May 20, 2023 | $1.3500 | $1.3500 | 2.54% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 34 year-over-year increases across 43 calendar years of data (1983–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.4000 | — | — |
| 2025 | $5.4000 | $5.4000 | 0.0% |
| 2024 | $5.4000 | $5.4000 | 0.0% |
| 2023 | $4.9600 | $5.4000 | +8.9% |
| 2022 | $4.1600 | $4.9600 | +19.2% |
| 2021 | $3.7600 | $4.1600 | +10.6% |
| 2020 | $3.6000 | $3.7600 | +4.4% |
| 2019 | $3.0400 | $3.6000 | +18.4% |
| 2018 | $2.4400 | $3.0400 | +24.6% |
| 2017 | $2.3600 | $2.4400 | +3.4% |
| 2016 | $2.9500 | $2.3600 | -20.0% |
| 2015 | $2.2200 | $2.9500 | +32.9% |
| 2014 | $2.0400 | $2.2200 | +8.8% |
| 2013 | $1.9400 | $2.0400 | +5.2% |
| 2012 | $1.6600 | $1.9400 | +16.9% |
| 2011 | $1.4000 | $1.6600 | +18.6% |
| 2010 | $1.3600 | $1.4000 | +2.9% |
| 2009 | $1.2200 | $1.3600 | +11.5% |
| 2008 | $0.9600 | $1.2200 | +27.1% |
| 2007 | $0.6800 | $0.9600 | +41.2% |
| 2006 | $0.4800 | $0.6800 | +41.7% |
| 2005 | $0.3600 | $0.4800 | +33.3% |
| 2004 | $0.3000 | $0.3600 | +20.0% |
| 2003 | $0.2600 | $0.3000 | +15.4% |
| 2002 | $0.2400 | $0.2600 | +8.3% |
| 2001 | $0.8000 | $0.2400 | -70.0% |
| 2000 | $0.8000 | $0.8000 | 0.0% |
| 1999 | $0.8000 | $0.8000 | 0.0% |
| 1998 | $0.8000 | $0.8000 | 0.0% |
| 1997 | $0.7467 | $0.8000 | +7.1% |
| 1996 | $0.6933 | $0.7467 | +7.7% |
| 1995 | $0.6400 | $0.6933 | +8.3% |
| 1994 | $0.6200 | $0.6400 | +3.2% |
| 1993 | $0.6000 | $0.6200 | +3.3% |
| 1992 | $0.5333 | $0.6000 | +12.5% |
| 1991 | $0.5038 | $0.5333 | +5.9% |
| 1990 | $0.4571 | $0.5038 | +10.2% |
| 1989 | $0.4200 | $0.4571 | +8.8% |
| 1988 | $0.4000 | $0.4200 | +5.0% |
| 1987 | $0.3778 | $0.4000 | +5.9% |
| 1986 | $0.3778 | $0.3778 | 0.0% |
| 1985 | $0.3556 | $0.3778 | +6.2% |
| 1984 | $0.3111 | $0.3556 | +14.3% |
| 1983 | — | $0.3111 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Norfolk Southern pay dividends?
- Yes, Norfolk Southern (NSC) pays quarterly dividends of approximately $5.40 per share annually, yielding 1.88%.
What is Norfolk Southern's dividend yield?
- Norfolk Southern (NSC) has a current dividend yield of 1.88%.
Is Norfolk Southern's dividend safe?
- Norfolk Southern (NSC) passes 3 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Norfolk Southern increased its dividend?
- Norfolk Southern (NSC) has 0 consecutive years of dividend increases.
What is Norfolk Southern's dividend payout ratio?
- Norfolk Southern (NSC) has a dividend payout ratio of 42.3%.