Kansas City Southern Increases Common Stock Dividend and Declares Dividends
on 4% Non-Cumulative Preferred Stock; Establishes Annual Meeting Date
KANSAS CITY, Mo. -- January 28, 2013
Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on January 28, 2013
declared a regular dividend of $0.215 per share on the outstanding KCS common
stock, which is a 10% increase from the previous quarterly dividend of $0.195
per share. This dividend is payable on April 3, 2013, to common stockholders
of record at the close of business on March 11, 2013.
The Board of Directors also declared a regular dividend of $0.25 per share on
the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable
on April 2, 2013 to preferred stockholders of record at the close of business
on March 11, 2013.
“With KCS’s consistently strong operational performance, good cash flows and
steadily improving balance sheet, the Board has elected to increase the
dividend on the Company’s common stock,” stated President and Chief Executive
Officer David L. Starling. “We believe in KCS’s ability to achieve excellent
growth over both the short and longer term, and we remain committed to
managing an efficient and financially strong company while always seeking to
maximize the returns to our shareholders.”
The Board of Directors also set the Annual Meeting of Stockholders to be held
in Kansas City, Missouri on Thursday, May 2, 2013. Stockholders of record of
KCS’s common stock and KCS’s 4% non-cumulative preferred stock as of March 4,
2013, will be entitled to notice of the meeting and to vote at such meeting.
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation
holding company that has railroad investments in the U.S., Mexico and Panama.
Its primary U.S. holding is The Kansas City Southern Railway Company, serving
the central and south central U.S. Its international holdings include Kansas
City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico
and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent
interest in Panama Canal Railway Company, providing ocean-to-ocean freight and
passenger service along the Panama Canal. Kansas City Southern's North
American rail holdings and strategic alliances are primary components of a
NAFTA Railway system, linking the commercial and industrial centers of the
U.S., Mexico and Canada.
Kansas City Southern
William H. Galligan, 816-983-1551
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