Canadian Pacific Kansas City Limited (CP) To Go Ex-Dividend on June 26th

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Friday, June 26th, TickerTech Dividends reports. Stockholders of record on Monday, July 27th will be paid a dividend of 0.268 per share on Monday, July 27th. This represents a c) annualized dividend and a dividend yield of 0.9%. 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 Stock Performance

Shares of CP opened at C$121.27 on Wednesday. The stock’s 50-day simple moving average is C$119.39 and its 200 day simple moving average is C$111.47. The stock has a market capitalization of C$107.66 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$127.50.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The business had revenue of C$3.70 billion during the quarter. Research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CP. Scotiabank raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. National Bank Financial upped their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. Desjardins raised their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Raymond James Financial boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of C$123.79.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.