Providence & Worcester Railroad stockholders will receive a 4-cents-per-share dividend later this month, the company announced.
The Worcester-based freight carrier’s board of directors approved the dividend last week for shareholders of record as of May 13. The dividend will be paid May 27.
In 2014, Providence & Worcester more than doubled its net income, to $3.17 million (64 cents per share) despite a 1-percent drop in revenue, to $31.16 million.
