/C O R R E C T I O N -- Norfolk Southern Corporation/

In the news release, Norfolk Southern raises quarterly dividend, issued 24-Jan-2017 by Norfolk Southern Corporation over PR Newswire, we are advised by the company that the third paragraph, first sentence, should read "payable on March 10" rather than "payable on March 9" as originally issued inadvertently. The complete, corrected release follows:

Norfolk Southern raises quarterly dividend

NORFOLK, Va., Jan. 24, 2017 /PRNewswire/ -- Norfolk Southern Corporation NSC announced that its Board of Directors today voted to increase the regular quarterly dividend on the company's common stock by 3 percent, or 2 cents per share, from 59 to 61 cents per share.

"The dividend increase reflects our board's confidence in the company's strategic plan and demonstrates our commitment to deliver long-term value for our shareholders," said Norfolk Southern Chairman, President and CEO James A. Squires.

The increased dividend is payable on March 10 to stockholders of record on Feb. 3. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 138 consecutive quarters.

About Norfolk Southern

Norfolk Southern Corporation NSC is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal, automotive, and industrial products.

http://www.norfolksouthern.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/norfolk-southern-raises-quarterly-dividend-300395771.html

SOURCE Norfolk Southern Corporation