CSX - CSX Confirms The Bull Case As It Remains One Of My Best Dividend Ideas
2024-06-19 07:30:29 ET
Summary
- CSX Corporation remains a top-tier dividend growth stock with a focus on commodities and merchandise.
- Despite facing headwinds like inflationary pressures, CSX has navigated challenges effectively with diversified revenue streams.
- CSX continues to impress with its resilience, operational performance, and long-term growth potential, despite recent stock price underperformance.
Introduction
It's time to talk about the CSX Corporation ( CSX ), one of my all-time favorite dividend growth stocks. The only reason why I don't own it is because of my investments in three other railroads, Union Pacific ( UNP ), Canadian Pacific Kansas City ( CP ), and Norfolk Southern ( NSC ), which has a duopoly with CSX in the East.
Association of American Railroads
While I believe CSX is a better-run railroad than NSC with a focus on commodities and merchandise (which I prefer over intermodal), the only reason why I stick to NSC instead of shifting my money into CSX is NSC's recovery potential after it ran into operating issues that resulted in activist investors stepping up.
My most recent article on the company was written on April 19. Back then, I discussed the company's earnings and its ability to generate value in what has become a tricky environment for cyclical companies....
CSX Confirms The Bull Case, As It Remains One Of My Best Dividend Ideas