CSX Corp. was named the "Top Dividend Stock of the Dow Transports" by the Dividend Channel in its most recent "DividendRank" report.
Among the components of the Dow Jones Transportation Average, CSX shares displayed "both attractive valuation metrics and strong profitability metrics," the report states. The Dividend Channel also cited CSX's strong quarterly dividend history and favorable long-term multi-year growth rates in key fundamental data points.
The Dow Jones Transportation Average, or Dow Transports, is the most widely followed index covering the U.S. transportation sector.
The Dividend Channel also released its latest list of the "Top 10 DividendRank'ed Dow Transports Components," which includes GATX Corp. at No. 2, J.B. Hunt Transport Services Inc. at No. 6 and Kansas City Southern at No. 8.
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