5 Most Profitable Industrial Stocks to Buy Now

3. CSX Corporation (NASDAQ:CSX)

Return on Equity: 23.69%

Net Profit Margin:21.55%

Number of Hedge Fund Holders: 65

CSX Corporation (NASDAQ:CSX) is one of the most profitable industrial stocks to buy now. On May 12, CSX Corp. (NASDAQ:CSX) board reiterated its commitment to shareholder value by approving a $0.14-per-share quarterly dividend. The dividend is to be paid on June 15 to shareholders of record as of May 29.

The company boasts of a four-decade history of dividend payments as it balances returns with capital reinvestment. It has consistently raised its dividend payouts, having executed an 8% increase early in the year, which has taken its annualized dividend to $0.56.

Meanwhile, the company has unveiled two commemorative locomotives to mark the 250th anniversary of the United States. The modernized locomotives come with high-horsepower CM44AH units designed for efficient, reliable mainline service. While the units are expected to travel to Washington for a ceremonial run afterward, they will enter regular service across the CSX network.

CSX Corporation (NASDAQ:CSX) is one of North America’s leading rail-based freight transportation suppliers. The company operates an extensive network spanning over 20,000 route miles, serving as a primary link in the supply chain to move goods, raw materials, and energy across the eastern United States and parts of Canada.