Business news of local interest


Norfolk Southern ups dividend

Norfolk Southern Corp.’s board of directors has approved an 11 percent increase in its quarterly dividend on the company’s common stock, from 72 to 80 cents per share.

Combined with the 18 percent dividend increase in the first quarter, Norfolk Southern has increased its dividend by 29 percent in 2018.

The dividend is payable Sept. 10 to shareholders of record on Aug. 6. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 144 consecutive quarters.

DABC scheduled to meet

Downtown Altoona Business Community will meet from 6 to 7:30 p.m. Aug. 7 at the Altoona Railroaders Memorial Museum, 1300 Ninth Ave.

Lorie Eberwein, account executive at Lamar Advertising, will explain the best use of outdoor advertising and guide attendees through the steps needed for a successful outdoor advertising campaign.

In addition to Eberwein’s talk, attendees will get a look inside the historic building.

Participants do not have to be members of the DABC to attend, but can call 931-5487 to reserve a seat.