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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.19 per share on Monday, July 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at C$112.23 on Thursday. The company has a market cap of C$104.66 billion, a PE ratio of 26.66, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a fifty day moving average price of C$118.38 and a two-hundred day moving average price of C$108.07. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The business had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. Research analysts expect that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. In the last quarter, insiders have sold 97,758 shares of company stock worth $10,774,715. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CP shares. ATB Capital boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. CIBC boosted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. TD Securities boosted their price target on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a report on Monday. Finally, Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Monday, April 15th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of C$120.88.

About Canadian Pacific Kansas City

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.