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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders 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 annualized dividend and a dividend 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 firm has a 50 day simple moving average of C$118.38 and a 200-day simple moving average of C$108.07. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The stock has a market cap of C$104.66 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CP shares. ATB Capital upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Desjardins upped their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, April 12th. JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, Scotiabank lowered shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$120.00 to C$126.00 in a report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$120.88.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders have sold 97,758 shares of company stock valued at $10,774,715 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.