Canadian Pacific Kansas City Limited (NYSE:CP) to Issue Quarterly Dividend of C$0.27

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, June 26th will be given a dividend of 0.268 per share by the transportation company on Monday, July 27th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend 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 payment by an average of 0.0%per year 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 Trading Down 2.5%

NYSE CP traded down $2.18 during mid-day trading on Wednesday, hitting $84.57. The company’s stock had a trading volume of 3,655,761 shares, compared to its average volume of 2,754,948. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $89.42. The stock’s fifty day simple moving average is $82.42 and its two-hundred day simple moving average is $77.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market capitalization of $75.46 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts expect that Canadian Pacific Kansas City will post 3.74 EPS 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.