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Norfolk Southern raises dividend to 54 cents

NORFOLK, Va. (AP) -- Railroad operator Norfolk Southern on Tuesday raised its dividend to 54 cents from 52 cents.

Norfolk Southern Corp.'s next dividend is payable March 10 to shareholders of record on Feb. 7.

Norfolk Southern is scheduled to release its fourth-quarter results Wednesday.

The company runs about 20,000 miles of track in 22 states and Washington D.C.