NS increases quarterly dividend by 10 cents
Norfolk Southern Corp.’s board has approved a 10-cent increase in its quarterly dividend on the company’s common stock, from 99 cents to $1.09 per share.
“This dividend increase demonstrates our confidence in Norfolk Southern’s improved revenue and operating ratio outlooks, as well as our commitment to long-term sustained value for our shareholders,” said James A. Squires, Norfolk Southern chairman, president and CEO.
The dividend is payable Aug. 20 to shareholders of record on Aug. 9.
Chamber of Commerce to hold Cones for a Cause
The Blair County Chamber of Commerce Farm-City Committee will hold Cones for a Cause from 8 a.m. to 9:30 p.m. Aug. 7 at Ritchey’s Dairy in Martinsburg. Customers can enjoy a single-scoop, hand-dipped ice cream cone for $1.
All proceeds will be used to purchase milk for area food banks. In addition, Ritchey’s Dairy will donate an additional 50% of all other dairy sales that day.
Cones for a Cause was organized by the Chamber’s Farm-City Committee in response to one of the ongoing challenges — the availability of milk — by many county food banks.