Norfolk Southern Increases Quarterly Dividend

NORFOLK, Va., July 22 /PRNewswire-FirstCall/ -- Norfolk Southern
Corporation (NYSE: NSC) announced that its Board of Directors today voted to
increase the regular quarterly dividend on the company's common stock by 10
percent, or 3 cents per share, from 29 to 32 cents per share. The increased
dividend is payable on Sept. 10 to stockholders of record on Aug. 1.
Today's dividend increase is in addition to a 12 percent increase
announced in January 2008. In total, Norfolk Southern has increased its
dividend 23 percent over the last 12 months.
Since its inception in 1982, Norfolk Southern has paid dividends on its
common stock for 104 consecutive quarters.
Norfolk Southern Corporation is one of the nation's premier transportation
companies. Its Norfolk Southern Railway subsidiary operates approximately
21,000 route miles in 22 states and the District of Columbia, serving every
major container port in the eastern United States and providing superior
connections to western rail carriers. Norfolk Southern operates the most
extensive intermodal network in the East and is North America's largest rail
carrier of metals and automotive products.
SOURCE Norfolk Southern Corporation

Media: Frank Brown, +1-757-629-2710, fsbrown@nscorp.com; or Investors: Leanne
Marilley, +1-757-629-2861, leanne.marilley@nscorp.com, both of Norfolk
Southern Corporation