In our latest analysis of the Dividend Channel ”DividendRank” report, we focus on companies that have seen insider buying in the last six months. When officers and directors invest their own money into their companies, it often indicates they foresee growth or recognize undervalued stock. One notable instance is Norfolk Southern Corp (Symbol: NSC), where Director Richard H. Anderson made a significant purchase.
On October 24, Anderson bought $257,850.00 worth of 1,000 shares at a price of $257.85 each. Shares of Norfolk Southern Corp were available for purchase at a lower price on Friday, with costs reaching as low as $250.37. Currently, NSC shares are up 1.06% for the day. The following chart illustrates NSC’s performance over the past year compared to its 200-day moving average:
Examining the chart reveals that NSC’s lowest price over the past year was $190.01, while its highest was $263.66. The most recent trade price stands at $251.43. Below is a table summarizing the insider purchases recorded in the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/30/2024 | John C. Huffard Jr. | Director | 3,398 | $219.92 | $747,288.16 |
| 05/29/2024 | Richard H. Anderson | Director | 1,000 | $221.00 | $221,000.00 |
| 05/29/2024 | Gilbert H. Lamphere | Director | 680 | $219.77 | $149,446.39 |
| 05/29/2024 | Claude Mongeau | Director | 5,650 | $221.00 | $1,248,650.00 |
| 05/30/2024 | Thomas Colm Kelleher | Director | 2,282 | $219.96 | $501,957.90 |
| 06/03/2024 | Sameh Fahmy | Director | 2,000 | $222.18 | $444,354.55 |
| 06/14/2024 | Sameh Fahmy | Director | 2,000 | $219.25 | $438,500.00 |
| 07/29/2024 | Richard H. Anderson | Director | 2,000 | $247.48 | $494,960.00 |
| 08/02/2024 | Sameh Fahmy | Director | 1,000 | $244.10 |
Norfolk Southern Corp: A Strong Performer in Dividend Growth
Directors Buy Shares—A Signal of Confidence
| 10/24/2024 | Sameh Fahmy | Director | 1,000 | $255.00 | $255,000.00 |
| 10/24/2024 | Richard H. Anderson | Director | 1,000 | $257.85 | $257,850.00 |
Positive Reports Highlight Norfolk Southern’s Dividends
A recent DividendRank report shows that Norfolk Southern Corp. (NSC) stands out among its peers for its solid valuation and strong profitability metrics. The report emphasizes the company’s impressive track record of quarterly dividends and its strong long-term growth rates across key financial indicators.
According to the report, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest and most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks stocks based on criteria for both profitability and valuation, generating a list of intriguing stocks for further research.”
Consistent Dividends: A Look Back
Currently, Norfolk Southern Corp pays an annualized dividend of $5.4 per share, with distributions made quarterly. The most recent dividend ex-date was on 11/01/2024. Historical trends in dividend payments can provide valuable insights into whether current dividends are likely to be sustained. Below is a chart showing NSC’s long-term dividend history, which the report highlights as essential information for investors.
Explore the Top DividendRank’ed Stocks With Insider Buying »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
