RAILROADS: Old Faithful

When it comes to paying out dividends, most U.S. railroads, like geysers, give out sporadically. Only the Pennsylvania Railroad Co. is an Old Faithful. Last week Pennsy performed on schedule; it declared its 99th consecutive common stock dividend. The $1 dividend will be made to Pennsy's 214,995 stockholders on April 13, the 100th birthday of the road.


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