This Dividend Stock Is Gaining Momentum. Is It Too Late to Buy?
One of America's biggest railroads, CSX (NASDAQ: CSX), continues to gain steam, reporting 19% year-over-year revenue growth in the fourth quarter of 2022.
After printing an all-time high of nearly $39 per share last March, CSX stock descended more than 17% to its current price in the $31-to-$32 range. So is it time to buy the dip on this railroad stock? Let's take a closer look at CSX's Q4 and full-year 2022 performance.
CSX generated more than $3.7 billion in Q4 sales, a 9% jump year over year. During the Q4 earnings call last month, CFO Sean Pelkey noted how higher fuel surcharges and robust core pricing fueled the revenue increase, "as top line gain outpaced several expense headwinds." oper
Source Fool.com
