Canadian Pacific Railway Limited (CP) Declares $0.56 Quarterly Dividend
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Wednesday, November 22nd, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.5625 per share on Monday, January 29th. This represents a $2.25 annualized dividend and a yield of 1.02%.
Canadian Pacific Railway Limited (CP) traded up C$2.22 during midday trading on Wednesday, hitting C$220.21. 151,082 shares of the stock were exchanged, compared to its average volume of 348,295. Canadian Pacific Railway Limited has a twelve month low of C$188.36 and a twelve month high of C$225.84.
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In other news, insider Laird Joseph Pitz sold 609 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total value of C$95,923.59.
A number of equities analysts recently issued reports on the stock. J P Morgan Chase & Co increased their target price on shares of Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a research report on Wednesday, October 18th. TD Securities upped their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a report on Wednesday, October 18th. CIBC upped their price target on shares of Canadian Pacific Railway Limited from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Raymond James Financial, Inc. upped their price target on shares of Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Desjardins upped their price target on shares of Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$230.67.
Canadian Pacific Railway Limited Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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