Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of C$0.27 on October 26th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.268 per share by the transportation company on Monday, October 26th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th.

Canadian Pacific Kansas City has decreased its dividend payment by an average of 0.0%per year over the last three years. Canadian Pacific Kansas City has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Canadian Pacific Kansas City to earn $4.30 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 17.9%.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $88.02 on Friday. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $93.95. The firm has a market capitalization of $77.90 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.82 and a beta of 1.10. The stock’s 50 day moving average price is $89.20 and its two-hundred day moving average price is $83.99. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.05% and a net margin of 25.02%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, analysts anticipate that Canadian Pacific Kansas City will post 3.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.