Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of C$0.27 on July 27th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.268 per share by the transportation company on Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. 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 has decreased its dividend by an average of 0.0%annually over the last three years. Canadian Pacific Kansas City has a dividend payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $4.27 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.5%.

Canadian Pacific Kansas City Stock Down 3.0%

Shares of Canadian Pacific Kansas City stock opened at $84.15 on Thursday. The stock’s fifty day moving average is $82.43 and its 200-day moving average is $77.06. The firm has a market capitalization of $75.08 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. Equities analysts anticipate that Canadian Pacific Kansas City will post 3.74 earnings per share for the current year.

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.