Canadian Pacific Kansas City Limited (NYSE:CP) to Issue Quarterly Dividend of $0.14

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.141 per share by the transportation company on Monday, July 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th.

Canadian Pacific Kansas City has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Canadian Pacific Kansas City to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.7%.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.13 during midday trading on Thursday, reaching $81.80. 1,010,527 shares of the stock traded hands, compared to its average volume of 2,088,650. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm has a market cap of $76.29 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.25 and a beta of 0.94. The firm has a fifty day moving average price of $87.18 and a two-hundred day moving average price of $79.73. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, April 10th. Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Hold” and an average price target of $97.17.

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.