NORFOLK SOUTHERN CORP (NSC) closed fiscal year 2025 with 224 M shares outstanding and a dividend of 5.40 USD per share.
NORFOLK SOUTHERN CORP (NSC) closed fiscal year 2025 with 224 M shares outstanding and a dividend of 5.40 USD per share. Over the year the share count fell by 1.90 M shares on a net basis. Since 2008 the share count has shrunk by 38.7 %. The dividend per share was 5.40 USD, essentially flat year on year. Total dividends paid came to 1,215 M USD, spread over 4 payments. The series covers 19 fiscal years, from 2007 to 2025. Per-share amounts are stated in USD. Share counts and dividends come from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding, year-end | 366M | 369M | 357M | 330M | 314M | 309M | 308M | 298M | 290M | 284M | 268M | 258M | 252M | 240M | 228M | 226M | 226M | 224M |
| Shares issued — SBC/options | — | 2.79M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.64M | 0.00M |
| Shares issued (%) | — | 0.76 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.28 % | 0.00 % |
| Shares repurchased | — | 0.00M | -11.7M | -27.0M | -16.4M | -5.16M | -0.64M | -10.4M | -7.38M | -6.26M | -16.1M | -10.2M | -5.81M | -11.9M | -12.1M | -2.40M | 0.00M | -1.90M |
| Shares repurchased (%) | — | 0.00 % | -3.26 % | -8.17 % | -5.21 % | -1.67 % | -0.21 % | -3.51 % | -2.54 % | -2.20 % | -5.99 % | -3.95 % | -2.30 % | -4.97 % | -5.30 % | -1.06 % | 0.00 % | -0.85 % |
| Net addition/reduction | — | 2.79M | -11.7M | -27.0M | -16.4M | -5.16M | -0.64M | -10.4M | -7.38M | -6.26M | -16.1M | -10.2M | -5.81M | -11.9M | -12.1M | -2.40M | 0.64M | -1.90M |
| Net addition/reduction (%) | — | 0.76 % | -3.26 % | -8.17 % | -5.21 % | -1.67 % | -0.21 % | -3.51 % | -2.54 % | -2.20 % | -5.99 % | -3.95 % | -2.30 % | -4.97 % | -5.30 % | -1.06 % | 0.28 % | -0.85 % |
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per share (DPS) | 1.22 | 1.36 | 1.40 | 1.66 | 1.94 | 2.04 | 2.22 | 2.36 | 2.36 | 2.44 | 3.04 | 3.60 | 3.76 | 4.16 | 4.96 | 5.40 | 5.40 | 5.40 |
| Payout Ratio (%) | 26.57 % | 48.36 % | 34.36 % | 30.06 % | 35.68 % | 33.35 % | 34.35 % | 45.82 % | 41.67 % | 13.01 % | 31.66 % | 34.86 % | 47.69 % | 34.21 % | 35.69 % | 67.05 % | 46.57 % | 42.29 % |
| Number of payments | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Dividends paid (total) | 456M | 500M | 514M | 576M | 624M | 637M | 687M | 713M | 695M | 703M | 844M | 949M | 960M | 1,028M | 1,167M | 1,225M | 1,221M | 1,215M |
| Dividend Yield (%) | 2.75 % | 2.54 % | 2.23 % | 2.31 % | 3.18 % | 2.21 % | 1.99 % | 2.76 % | 2.17 % | 1.68 % | 2.05 % | 1.84 % | 1.59 % | 1.42 % | 2.02 % | 2.28 % | 2.30 % | 1.86 % |
Figures in USD
