Canadian Pacific Kansas City Limited (TSE:CP) to Issue Dividend Increase – $0.27 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Friday, June 26th, TickerTech Dividends reports. Investors of record on Monday, July 27th will be paid a dividend of 0.268 per share on Monday, July 27th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 26th. This is a 17.5% increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$121.27 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The stock’s 50 day moving average is C$119.39 and its two-hundred day moving average is C$111.47. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$127.50. The firm has a market capitalization of C$107.66 billion, a PE ratio of 27.07, a P/E/G ratio of 2.32 and a beta of 1.29.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. Research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Maeghan Dawn Albiston sold 3,645 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$126.61, for a total value of C$461,493.45. Also, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Over the last quarter, insiders have sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is owned by insiders.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.