Canadian Pacific Kansas City Limited (NYSE:CP) Declares $0.14 Quarterly Dividend

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.141 per share by the transportation company on Monday, July 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th.

Canadian Pacific Kansas City has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.7%.

Canadian Pacific Kansas City Stock Down 0.5 %

CP traded down $0.38 during trading on Thursday, hitting $81.55. The company had a trading volume of 748,574 shares, compared to its average volume of 2,085,183. The company has a market cap of $76.06 billion, a PE ratio of 25.94, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The business has a 50-day moving average of $87.18 and a 200-day moving average of $79.73.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. As a group, analysts forecast that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Evercore ISI cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $87.00 in a report on Monday, January 8th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Hold” and a consensus price target of $97.17.

About Canadian Pacific Kansas City

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.