Canadian Pacific Railway Limited (CP) to Issue Quarterly Dividend of $0.56 on April 30th

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Investors of record on Friday, March 23rd will be paid a dividend of 0.5625 per share on Monday, April 30th. This represents a $2.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, March 22nd.

CP stock opened at C$230.77 on Wednesday. The firm has a market capitalization of $33,380.00, a PE ratio of 11.44 and a beta of 0.67. Canadian Pacific Railway has a one year low of C$189.57 and a one year high of C$240.40.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.20 by C$0.02. The business had revenue of C$1.71 billion for the quarter, compared to analyst estimates of C$1.71 billion. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%.

In other news, insider James Dominic Luther Clements sold 1,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.

A number of equities analysts have weighed in on CP shares. BMO Capital Markets upped their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. National Bank Financial increased their price objective on Canadian Pacific Railway from C$226.00 to C$244.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 13th. CIBC increased their price objective on Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Railway from C$272.00 to C$276.00 in a research report on Thursday, January 11th. Finally, Macquarie set a C$250.00 price objective on Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average target price of C$249.69.

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About Canadian Pacific Railway

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Dividend History for Canadian Pacific Railway (TSE:CP)

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