Canadian Pacific Kansas City Limited (TSE:CP) Announces Dividend Increase – $0.27 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Friday, June 26th, TickerTech Dividends reports. Stockholders of record on Monday, July 27th will be given a dividend of 0.268 per share on Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th. This is a 17.5% increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23.

Canadian Pacific Kansas City Price Performance

CP opened at C$121.27 on Wednesday. The firm has a market capitalization of C$107.66 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$127.50. The company has a fifty day moving average price of C$119.39 and a 200-day moving average price of C$111.47. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CP. Raymond James Financial upped their target price on Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Desjardins lifted their price target on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays boosted their price objective on Canadian Pacific Kansas City from C$125.00 to C$135.00 in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Finally, National Bank Financial raised their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.79.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.