Norfolk Southern Corporation (NSC) Dividend History
NSC latest dividend
$1.35last dividend per share
Ex-dividend dateAug 7Friday, 2026
Payment dateAug 20Thursday, 2026
The next dividend has not been announced yet.
- 1982paying since
- Quarterly4 payments a year
- +7.5%5-year growth a year
- 1.65%forward yield
NSC dividend income calculator
- Dividend income a year
- $540
- Each payment
- $135
- Value of the shares
- $32,692
- Dividend yield
- 1.65%
At the latest close; forward annual dividend $5.40 per share, before tax.
NSC dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
NSC dividend safety
Payout ratio (earnings)42.5%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)56.3%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+7.5%
Growing · a year on average
Years of increases0
Short record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
NSC yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $289.78 | 1.86% | $5.40 | 1.9% |
| 3 years ago | $203.44 | 2.65% | $16.20 | 8.0% |
| 5 years ago | $275.75 | 1.96% | $26.30 | 9.5% |
| 10 years ago | $94.98 | 5.69% | $42.80 | 45.1% |
| 20 years ago | $48.64 | 11.10% | $59.91 | 123.2% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
NSC dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
NSC dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $5.40 | 0.0% | 1.87% | 4 |
| 2024 | $5.40 | 0.0% | 2.30% | 4 |
| 2023 | $5.40 | +8.9% | 2.28% | 4 |
| 2022 | $4.96 | +19.2% | 2.01% | 4 |
| 2021 | $4.16 | +10.6% | 1.40% | 4 |
| 2020 | $3.76 | +4.4% | 1.58% | 4 |
| 2019 | $3.60 | +18.4% | 1.85% | 4 |
| 2018 | $3.04 | +24.6% | 2.03% | 4 |
| 2017 | $2.44 | +3.4% | 1.68% | 4 |
| 2016 | $2.36 | 0.0% | 2.18% | 4 |
| 2015 | $2.36 | +6.3% | 2.79% | 4 |
| 2014 | $2.22 | +8.8% | 2.03% | 4 |
| 2013 | $2.04 | +5.2% | 2.20% | 4 |
| 2012 | $1.94 | +16.9% | 3.14% | 4 |
| 2011 | $1.66 | +18.6% | 2.28% | 4 |
| 2010 | $1.40 | +2.9% | 2.23% | 4 |
| 2009 | $1.36 | +11.5% | 2.59% | 4 |
| 2008 | $1.22 | +27.1% | 2.59% | 4 |
| 2007 | $0.96 | +41.2% | 1.90% | 4 |
| 2006 | $0.68 | — | 1.35% | 4 |
NSC dividend history
177 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-08-07 | 2026-08-20 | $1.35 | — | Quarterly |
| 2026-05-08 | 2026-05-20 | $1.35 | — | Quarterly |
| 2026-02-06 | 2026-02-20 | $1.35 | — | Quarterly |
| 2025-11-07 | 2025-11-20 | $1.35 | — | Quarterly |
| 2025-08-01 | 2025-08-20 | $1.35 | — | Quarterly |
| 2025-05-02 | 2025-05-20 | $1.35 | — | Quarterly |
| 2025-02-07 | 2025-02-20 | $1.35 | — | Quarterly |
| 2024-11-01 | 2024-11-20 | $1.35 | — | Quarterly |
| 2024-08-02 | 2024-08-20 | $1.35 | — | Quarterly |
| 2024-05-02 | 2024-05-20 | $1.35 | — | Quarterly |
| 2024-02-01 | 2024-02-20 | $1.35 | — | Quarterly |
| 2023-11-02 | 2023-11-20 | $1.35 | — | Quarterly |
| 2023-08-03 | 2023-08-21 | $1.35 | — | Quarterly |
| 2023-05-04 | 2023-05-20 | $1.35 | — | Quarterly |
| 2023-02-02 | 2023-02-21 | $1.35 | +8.9% | Quarterly |
| 2022-11-03 | 2022-11-21 | $1.24 | — | Quarterly |
Show all 177 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-05 | 2022-08-20 | $1.24 | — | Quarterly |
| 2022-05-05 | 2022-05-20 | $1.24 | — | Quarterly |
| 2022-02-03 | 2022-02-21 | $1.24 | +13.8% | Quarterly |
| 2021-11-04 | 2021-11-19 | $1.09 | — | Quarterly |
| 2021-08-06 | 2021-08-20 | $1.09 | +10.1% | Quarterly |
| 2021-05-06 | 2021-05-20 | $0.99 | — | Quarterly |
| 2021-02-04 | 2021-03-10 | $0.99 | +5.3% | Quarterly |
| 2020-11-05 | 2020-12-10 | $0.94 | — | Quarterly |
| 2020-08-06 | 2020-09-10 | $0.94 | — | Quarterly |
| 2020-05-07 | 2020-06-10 | $0.94 | — | Quarterly |
| 2020-02-06 | 2020-03-10 | $0.94 | — | Quarterly |
| 2019-10-31 | 2019-12-10 | $0.94 | — | Quarterly |
| 2019-08-02 | 2019-09-10 | $0.94 | +9.3% | Quarterly |
| 2019-05-02 | 2019-06-10 | $0.86 | — | Quarterly |
| 2019-02-01 | 2019-03-11 | $0.86 | +7.5% | Quarterly |
| 2018-11-01 | 2018-12-10 | $0.8 | — | Quarterly |
| 2018-08-03 | 2018-09-10 | $0.8 | +11.1% | Quarterly |
| 2018-05-03 | 2018-06-11 | $0.72 | — | Quarterly |
| 2018-02-01 | 2018-03-10 | $0.72 | +18.0% | Quarterly |
| 2017-11-02 | 2017-12-11 | $0.61 | — | Quarterly |
| 2017-08-03 | 2017-09-11 | $0.61 | — | Quarterly |
| 2017-05-03 | 2017-06-10 | $0.61 | — | Quarterly |
| 2017-02-01 | 2017-03-10 | $0.61 | +3.4% | Quarterly |
| 2016-11-02 | 2016-12-10 | $0.59 | — | Quarterly |
| 2016-08-04 | 2016-09-10 | $0.59 | — | Quarterly |
| 2016-05-04 | 2016-06-10 | $0.59 | — | Quarterly |
| 2016-02-03 | 2016-03-10 | $0.59 | — | Quarterly |
| 2015-11-04 | 2015-12-10 | $0.59 | — | Quarterly |
| 2015-08-05 | 2015-09-10 | $0.59 | — | Quarterly |
| 2015-05-06 | 2015-06-10 | $0.59 | — | Quarterly |
| 2015-02-04 | 2015-03-10 | $0.59 | +3.5% | Quarterly |
| 2014-11-05 | 2014-12-10 | $0.57 | — | Quarterly |
| 2014-07-30 | 2014-09-10 | $0.57 | +5.6% | Quarterly |
| 2014-04-30 | 2014-06-10 | $0.54 | — | Quarterly |
| 2014-02-05 | 2014-03-10 | $0.54 | +3.8% | Quarterly |
| 2013-10-30 | 2013-12-10 | $0.52 | — | Quarterly |
| 2013-07-31 | 2013-09-10 | $0.52 | +4.0% | Quarterly |
| 2013-05-01 | 2013-06-10 | $0.5 | — | Quarterly |
| 2013-01-30 | 2013-03-11 | $0.5 | — | Quarterly |
| 2012-10-31 | 2012-12-10 | $0.5 | — | Quarterly |
| 2012-08-09 | 2012-09-10 | $0.5 | +6.4% | Quarterly |
| 2012-05-02 | 2012-06-11 | $0.47 | — | Quarterly |
| 2012-02-01 | 2012-03-10 | $0.47 | +9.3% | Quarterly |
| 2011-11-02 | 2011-12-10 | $0.43 | — | Quarterly |
| 2011-08-03 | 2011-09-10 | $0.43 | +7.5% | Quarterly |
| 2011-05-04 | 2011-06-10 | $0.4 | — | Quarterly |
| 2011-02-02 | 2011-03-10 | $0.4 | +11.1% | Quarterly |
| 2010-11-03 | 2010-12-10 | $0.36 | — | Quarterly |
| 2010-08-04 | 2010-09-10 | $0.36 | +5.9% | Quarterly |
| 2010-05-05 | 2010-06-10 | $0.34 | — | Quarterly |
| 2010-02-03 | 2010-03-10 | $0.34 | — | Quarterly |
| 2009-11-04 | 2009-12-10 | $0.34 | — | Quarterly |
| 2009-08-05 | 2009-09-10 | $0.34 | — | Quarterly |
| 2009-04-29 | 2009-06-10 | $0.34 | — | Quarterly |
| 2009-02-04 | 2009-03-10 | $0.34 | +6.2% | Quarterly |
| 2008-11-05 | 2008-12-10 | $0.32 | — | Quarterly |
| 2008-07-30 | 2008-09-10 | $0.32 | +10.3% | Quarterly |
| 2008-04-30 | 2008-06-10 | $0.29 | — | Quarterly |
| 2008-01-30 | 2008-03-10 | $0.29 | +11.5% | Quarterly |
| 2007-10-31 | 2007-12-10 | $0.26 | — | Quarterly |
| 2007-08-01 | 2007-09-10 | $0.26 | +18.2% | Quarterly |
| 2007-05-02 | 2007-06-11 | $0.22 | — | Quarterly |
| 2007-01-31 | 2007-03-10 | $0.22 | +22.2% | Quarterly |
| 2006-11-01 | 2006-12-11 | $0.18 | — | Quarterly |
| 2006-08-02 | 2006-09-11 | $0.18 | +12.5% | Quarterly |
| 2006-05-03 | 2006-06-10 | $0.16 | — | Quarterly |
| 2006-02-01 | 2006-03-10 | $0.16 | +23.1% | Quarterly |
| 2005-11-02 | 2005-12-10 | $0.13 | — | Quarterly |
| 2005-08-03 | 2005-09-10 | $0.13 | +18.2% | Quarterly |
| 2005-05-04 | 2005-06-10 | $0.11 | — | Quarterly |
| 2005-02-02 | 2005-03-10 | $0.11 | +10.0% | Quarterly |
| 2004-11-03 | 2004-12-10 | $0.1 | — | Quarterly |
| 2004-08-04 | 2004-09-10 | $0.1 | +25.0% | Quarterly |
| 2004-05-05 | 2004-06-10 | $0.08 | — | Quarterly |
| 2004-02-04 | 2004-03-10 | $0.08 | — | Quarterly |
| 2003-11-05 | 2003-12-10 | $0.08 | — | Quarterly |
| 2003-07-30 | 2003-09-10 | $0.08 | +14.3% | Quarterly |
| 2003-04-30 | 2003-06-10 | $0.07 | — | Quarterly |
| 2003-02-05 | 2003-03-10 | $0.07 | — | Quarterly |
| 2002-10-30 | 2002-12-10 | $0.07 | — | Quarterly |
| 2002-07-31 | 2002-09-10 | $0.07 | +16.7% | Quarterly |
| 2002-05-01 | 2002-06-10 | $0.06 | — | Quarterly |
| 2002-01-30 | 2002-03-11 | $0.06 | — | Quarterly |
| 2001-10-31 | 2001-12-10 | $0.06 | — | Quarterly |
| 2001-08-01 | 2001-09-10 | $0.06 | — | Quarterly |
| 2001-05-02 | 2001-06-11 | $0.06 | — | Quarterly |
| 2001-01-31 | 2001-03-10 | $0.06 | −70.0% | Quarterly |
| 2000-11-01 | 2000-12-11 | $0.2 | — | Quarterly |
| 2000-08-02 | 2000-09-11 | $0.2 | — | Quarterly |
| 2000-05-03 | 2000-06-10 | $0.2 | — | Quarterly |
| 2000-02-02 | 2000-03-10 | $0.2 | — | Quarterly |
| 1999-11-03 | 1999-12-10 | $0.2 | — | Quarterly |
| 1999-08-04 | 1999-09-10 | $0.2 | — | Quarterly |
| 1999-05-05 | 1999-06-10 | $0.2 | — | Quarterly |
| 1999-02-03 | 1999-03-10 | $0.2 | — | Quarterly |
| 1998-11-04 | 1998-12-10 | $0.2 | — | Quarterly |
| 1998-08-05 | 1998-09-10 | $0.2 | — | Quarterly |
| 1998-04-29 | 1998-06-10 | $0.2 | — | Quarterly |
| 1998-02-04 | 1998-03-10 | $0.2 | — | Quarterly |
| 1997-11-05 | 1997-12-10 | $0.2 | — | Quarterly |
| 1997-07-30 | 1997-09-10 | $0.2 | — | Quarterly |
| 1997-04-30 | 1997-06-10 | $0.2 | — | Quarterly |
| 1997-02-05 | 1997-03-10 | $0.2 | +7.1% | Quarterly |
| 1996-10-30 | 1996-12-10 | $0.1867 | — | Quarterly |
| 1996-07-31 | 1996-09-10 | $0.1867 | — | Quarterly |
| 1996-05-01 | 1996-06-10 | $0.1867 | — | Quarterly |
| 1996-01-31 | 1996-03-11 | $0.1867 | +7.7% | Quarterly |
| 1995-11-01 | 1995-12-11 | $0.1733 | — | Quarterly |
| 1995-08-02 | 1995-09-11 | $0.1733 | — | Quarterly |
| 1995-05-01 | 1995-06-10 | $0.1733 | — | Quarterly |
| 1995-01-30 | 1995-03-10 | $0.1733 | +8.3% | Quarterly |
| 1994-10-31 | 1994-12-10 | $0.16 | — | Quarterly |
| 1994-08-01 | 1994-09-10 | $0.16 | — | Quarterly |
| 1994-05-02 | 1994-06-10 | $0.16 | — | Quarterly |
| 1994-01-31 | 1994-03-10 | $0.16 | — | Quarterly |
| 1993-11-01 | 1993-12-10 | $0.16 | — | Quarterly |
| 1993-08-02 | 1993-09-10 | $0.16 | +6.7% | Quarterly |
| 1993-05-03 | 1993-06-10 | $0.15 | — | Quarterly |
| 1993-02-01 | 1993-03-10 | $0.15 | — | Quarterly |
| 1992-11-02 | 1992-12-10 | $0.15 | — | Quarterly |
| 1992-08-03 | 1992-09-10 | $0.15 | — | Quarterly |
| 1992-05-04 | 1992-06-10 | $0.15 | — | Quarterly |
| 1992-02-03 | 1992-03-10 | $0.15 | +12.5% | Quarterly |
| 1991-10-28 | 1991-12-10 | $0.1333 | — | Quarterly |
| 1991-07-29 | 1991-09-10 | $0.1333 | — | Quarterly |
| 1991-04-29 | 1991-06-10 | $0.1333 | — | Quarterly |
| 1991-01-28 | 1991-03-11 | $0.1333 | — | Quarterly |
| 1990-10-29 | 1990-12-10 | $0.1333 | — | Quarterly |
| 1990-07-30 | 1990-09-10 | $0.1333 | +11.1% | Quarterly |
| 1990-04-30 | 1990-06-11 | $0.12 | — | Quarterly |
| 1990-01-29 | 1990-03-10 | $0.12 | — | Quarterly |
| 1989-10-30 | 1989-12-11 | $0.12 | — | Quarterly |
| 1989-07-31 | 1989-09-11 | $0.12 | +9.1% | Quarterly |
| 1989-05-01 | 1989-06-10 | $0.11 | — | |
| 1989-01-30 | 1989-03-10 | $0.11 | — | |
| 1988-10-31 | 1988-12-10 | $0.11 | — | |
| 1988-08-01 | 1988-09-10 | $0.11 | +10.0% | |
| 1988-05-02 | 1988-06-10 | $0.1 | — | |
| 1988-02-01 | 1988-03-10 | $0.1 | — | |
| 1987-11-02 | 1987-12-10 | $0.1 | — | |
| 1987-08-03 | 1987-09-10 | $0.1 | — | |
| 1987-05-04 | 1987-06-10 | $0.1 | — | |
| 1987-02-02 | 1987-03-10 | $0.1 | +5.9% | |
| 1986-11-03 | — | $0.0944 | — | |
| 1986-07-28 | — | $0.0944 | — | |
| 1986-04-28 | — | $0.0944 | — | |
| 1986-02-03 | — | $0.0944 | — | |
| 1985-10-28 | — | $0.0944 | — | |
| 1985-07-29 | — | $0.0944 | — | |
| 1985-04-29 | — | $0.0944 | — | |
| 1985-01-28 | — | $0.0944 | +6.2% | |
| 1984-10-29 | — | $0.0889 | — | |
| 1984-07-30 | — | $0.0889 | — | |
| 1984-04-30 | — | $0.0889 | — | |
| 1984-01-30 | — | $0.0889 | +14.3% | |
| 1983-10-31 | — | $0.0778 | — | |
| 1983-08-01 | — | $0.0778 | — | |
| 1983-05-02 | — | $0.0778 | — | |
| 1983-01-31 | — | $0.0778 | — | |
| 1982-10-29 | — | $0.0778 | — | |
| 1982-08-02 | — | $0.0778 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
NSC stock split history
- 959692:319897October 10, 1997
NSC dividend overview
Norfolk Southern pays an annual dividend of $5.40 per share, a yield of 1.65% at the latest close, paid quarterly. It paid $5.40 per share in 2025, unchanged from 2024. Over five years the dividend grew 7.5% a year on average and over ten years 8.6% a year. The payout ratio is 42.5% of trailing earnings.
Related: NSC cash flow statement, NSC key metrics, NSC chart. See the NSC stock overview for the latest quote and news.
NSC dividends FAQ
Does Norfolk Southern pay a dividend?
Yes. Norfolk Southern has paid a regular dividend since 1982, quarterly, most recently $1.35 per share with an ex-dividend date of August 7, 2026.
What is Norfolk Southern's dividend yield?
Norfolk Southern's forward annual dividend is $5.40 per share, a dividend yield of 1.65% at the latest close of $326.92.
How often does Norfolk Southern pay dividends?
Norfolk Southern pays dividends quarterly.
How fast is Norfolk Southern's dividend growing?
Norfolk Southern's dividend per share grew from $3.76 in 2020 to $5.40 in 2025, 7.5% a year on average over five years.
What is Norfolk Southern's dividend payout ratio?
Norfolk Southern pays out 42.5% of its trailing earnings as dividends and 56.3% of its free cash flow (fiscal 2025).
Has Norfolk Southern split its stock?
Norfolk Southern has split its stock 1 time: 959692:319897 on October 10, 1997. Dividends per share on this page are adjusted for splits.