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Challenges in the Zacks Transportation – Rail industry, including tariff-induced economic uncertainties, persistent inflation, and supply-chain disruptions, have contributed to a 2.2% decline over the past year, compared to a 9.4% gain in the S&P 500 Index. The broader Transportation sector has also seen a 9.4% drop.
Key players such as Union Pacific Corporation (UNP), Canadian National Railway Company (CNI), and Norfolk Southern Corporation (NSC) have maintained dividend payouts despite these challenges. As of the latest data, UNP has a market capitalization of $131.80 billion and pays a quarterly dividend of $1.34 per share, yielding 2.43%. CNI, with a market cap of $64.08 billion, offers a quarterly dividend of $2.59 per share, equating to a 2.54% yield. NSC, valued at $56.46 billion, provides a quarterly dividend of $1.35 per share, yielding 2.16%.
In 2022, UNP returned $3.9 billion to shareholders through dividends and share buybacks, while CNI distributed C$2.07 billion in dividends. Notably, Norfolk Southern paid $1.23 billion in dividends for 2023. These companies are employing cost reduction strategies to navigate industry headwinds.
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