Canadian Pacific Kansas City Limited (CP) To Go Ex-Dividend on June 26th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, June 26th will be given a dividend of 0.268 per share by the transportation company on Monday, July 27th. This represents a c) dividend on an annualized basis and a yield of 1.3%. 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 has decreased its dividend by an average of 0.0%per year over the last three years. Canadian Pacific Kansas City has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Canadian Pacific Kansas City to earn $4.34 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 17.7%.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $85.31 on Wednesday. The company has a market cap of $75.50 billion, a P/E ratio of 26.33, a PEG ratio of 1.83 and a beta of 1.09. The company has a fifty day simple moving average of $86.44 and a 200 day simple moving average of $80.96. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.76 earnings per share for the current fiscal year.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.