Burlington Northern Santa Fe Corp. (NYSE: BNI) reported Monday that it will pay a special cash dividend, according to Associated Press.
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The dividend is contingent upon its purchase by billionaire investor Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B), which is expected to close as planned.
The dividend would be 26 cents per share if the deal closes on Feb. 11, when Burlington Northern shareholders are scheduled to vote on the $26.2 billion deal.
The dividend will be payable to shareholders of record on Feb. 4.
Burlington Northern shares rose 18 cents to $99.29 in afternoon trading.
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