Canadian National Railway Company (NYSE:CNI) to Issue Quarterly Dividend of C$0.92

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.915 per share by the transportation company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 9th.

Canadian National Railway has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Canadian National Railway has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Canadian National Railway to earn $6.41 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 41.8%.

Canadian National Railway Stock Performance

Shares of CNI opened at $108.89 on Thursday. The company’s 50 day simple moving average is $107.41 and its 200-day simple moving average is $101.25. The firm has a market cap of $66.28 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $115.80. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Canadian National Railway’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts predict that Canadian National Railway will post 5.74 EPS for the current year.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.