Canadian National Railway (TSE:CNR) Announces Quarterly Dividend of $0.54

Canadian National Railway (TSE:CNR) (NYSE:CNI) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.538 per share on Monday, December 30th. This represents a $2.15 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, December 6th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.54.

TSE CNR opened at C$117.15 on Wednesday. The firm has a market cap of $83.80 billion and a P/E ratio of 18.95. Canadian National Railway has a 52-week low of C$96.46 and a 52-week high of C$127.96. The business’s 50-day moving average price is C$119.93 and its 200 day moving average price is C$121.05. The company has a quick ratio of 0.35, a current ratio of 0.71 and a debt-to-equity ratio of 77.32.

In related news, Senior Officer Sean Finn sold 573 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$122.19, for a total value of C$70,012.86. Following the completion of the transaction, the insider now owns 14,981 shares of the company’s stock, valued at approximately C$1,830,475.96. Also, Director Denis Losier sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$122.11, for a total transaction of C$122,110.00. Following the completion of the transaction, the director now owns 171,254 shares in the company, valued at C$20,911,825.94.

Several brokerages have weighed in on CNR. Royal Bank of Canada lowered their target price on Canadian National Railway from C$137.00 to C$127.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Raymond James restated a “market perform” rating and issued a C$135.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$128.00 to C$123.00 in a research note on Wednesday, October 23rd. CIBC dropped their price target on shares of Canadian National Railway from C$122.00 to C$119.00 in a research note on Wednesday, October 23rd. Finally, National Bank Financial cut their price target on shares of Canadian National Railway from C$121.00 to C$118.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$123.64.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Dividend History for Canadian National Railway (TSE:CNR)

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