Canadian National Railway Company (CNR) Announces $0.41 Quarterly Dividend
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Tuesday, October 24th, RTT News reports. Investors of record on Friday, December 8th will be given a dividend of 0.4125 per share on Friday, December 29th. This represents a $1.65 annualized dividend and a yield of 1.56%.
Canadian National Railway (CNR) traded up 1.94% during mid-day trading on Tuesday, reaching $105.46. 1,493,289 shares of the company traded hands. Canadian National Railway has a 52-week low of $82.85 and a 52-week high of $108.64. The company has a market capitalization of $79.20 billion and a P/E ratio of 20.74. The stock has a 50 day moving average price of $100.97 and a 200-day moving average price of $102.10.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 25th. The company reported C$1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.31 by C$0.03. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. The firm had revenue of C$3.33 billion for the quarter, compared to the consensus estimate of C$3.22 billion. Analysts expect that Canadian National Railway will post $5.08 EPS for the current fiscal year.
In other Canadian National Railway news, insider Scott Daniels purchased 1,300 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was acquired at an average cost of C$99.57 per share, with a total value of C$129,441.00. Also, insider Sean Finn sold 11,168 shares of Canadian National Railway stock in a transaction dated Monday, September 25th. The shares were sold at an average price of C$100.75, for a total value of C$1,125,176.00. Insiders sold 69,807 shares of company stock valued at $6,388,760 over the last ninety days.
A number of equities research analysts have weighed in on CNR shares. CIBC decreased their price target on shares of Canadian National Railway from C$111.00 to C$110.00 in a research note on Tuesday, September 26th. National Bank Financial decreased their price target on shares of Canadian National Railway from C$108.00 to C$105.00 in a research note on Wednesday, September 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$111.00 price target on shares of Canadian National Railway in a research note on Monday, September 11th. Scotiabank reiterated an “outperform” rating and set a C$115.00 price target on shares of Canadian National Railway in a research note on Monday, September 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$110.00 price objective on shares of Canadian National Railway in a report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$104.36.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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