Canadian Pacific Kansas City Limited Declares Quarterly Dividend of $0.19 (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Friday, March 28th will be paid a dividend of 0.19 per share on Monday, April 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%.

Canadian Pacific Kansas City Trading Down 0.3 %

TSE:CP traded down C$0.38 during midday trading on Wednesday, reaching C$113.64. 1,260,200 shares of the stock traded hands, compared to its average volume of 1,338,828. The company has a fifty day moving average of C$107.18 and a 200 day moving average of C$109.85. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$123.37. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a market capitalization of C$106.04 billion, a P/E ratio of 30.47, a PEG ratio of 2.32 and a beta of 0.79.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. In the last quarter, insiders sold 70,284 shares of company stock worth $7,398,669. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein reduced their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Desjardins cut their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Buy” and an average target price of C$124.23.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.