Kansas City Southern Board of Directors Declares Quarterly Preferred Dividends; Establishes Annual Meeting Date

Kansas City Southern’s (KCS) (NYSE: KSU) Board of Directors declared a regular quarterly dividend of 25 cents per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on April 6, 2010, to preferred stockholders of record at the close of business on March 8, 2010. The Board of Directors also declared a quarterly dividend of $12.8125 per share on the outstanding KCS 5.125% cumulative convertible perpetual preferred stock. The dividend is payable on February 15, 2010, to preferred stockholders of record at the close of business on February 1, 2010.

The Board of Directors also set the Annual Meeting of Stockholders to be held in Kansas City, Missouri on Thursday, May 6, 2010. Stockholders of record of our common stock and our 4% non-cumulative preferred stock as of March 8, 2010, will be entitled to notice of the meeting and to vote at such meeting.

Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern's North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.