Canadian National Railway (CNR) Increases Dividend to $0.46 Per Share

Canadian National Railway (TSE:CNR) (NYSE:CNI) declared a quarterly dividend on Tuesday, January 23rd, RTT News reports. Investors of record on Thursday, March 8th will be given a dividend of 0.455 per share on Thursday, March 29th. This represents a $1.82 annualized dividend and a yield of 1.82%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.41.

Canadian National Railway (TSE:CNR) traded up C$0.74 during trading on Tuesday, reaching C$100.13. The company had a trading volume of 1,975,716 shares, compared to its average volume of 1,273,269. Canadian National Railway has a fifty-two week low of C$89.29 and a fifty-two week high of C$108.64. The stock has a market capitalization of $74,560.00, a P/E ratio of 19.59 and a beta of 0.72.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, October 24th. The company reported C$1.31 EPS for the quarter, missing the consensus estimate of C$1.33 by C($0.02). Canadian National Railway had a net margin of 29.74% and a return on equity of 25.50%.

In other Canadian National Railway news, insider Jean-Jacques Ruest sold 14,736 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.

Several equities analysts recently commented on CNR shares. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and upped their price objective for the company from C$110.00 to C$115.00 in a research note on Thursday, November 30th. Scotiabank dropped their price objective on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$103.00 to C$109.00 in a research note on Thursday, January 11th. CIBC upped their price objective on Canadian National Railway from C$110.00 to C$116.00 in a research note on Thursday, January 4th. Finally, Royal Bank of Canada dropped their price objective on Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$109.70.

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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.

Dividend History for Canadian National Railway (TSE:CNR)

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