Canadian Pacific Kansas City Limited Announces Quarterly Dividend of $0.19 (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.19 per share on Monday, July 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th.

Canadian Pacific Kansas City Stock Down 0.4 %

TSE:CP traded down C$0.50 during trading hours on Thursday, reaching C$111.73. The company’s stock had a trading volume of 439,340 shares, compared to its average volume of 1,184,291. The company has a market cap of C$104.19 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The business’s 50-day moving average is C$118.38 and its 200-day moving average is C$108.07. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The firm had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.52 billion. Equities research analysts predict that Canadian Pacific Kansas City will post 4.3266423 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CP. Barclays upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. National Bankshares increased their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. Stephens increased their price target on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Scotiabank cut shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$120.00 to C$126.00 in a research note on Monday, March 25th. Finally, Royal Bank of Canada increased their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$120.88.

Insider Activity

In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In the last ninety days, insiders sold 97,758 shares of company stock worth $10,774,715. 0.03% of the stock is currently owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.