Canadian National Railway Company (NYSE:CNI) Declares Dividend Increase – C$0.92 Per Share

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.915 per share by the transportation company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 3.1% increase from Canadian National Railway’s previous quarterly dividend of $0.89.

Canadian National Railway has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Canadian National Railway has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian National Railway to earn $6.21 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 43.2%.

Canadian National Railway Stock Down 2.6%

Shares of NYSE CNI opened at $106.86 on Friday. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $113.08. The firm has a market capitalization of $65.52 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.22 and a beta of 0.90. The stock has a 50 day moving average price of $102.98 and a 200 day moving average price of $98.16. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.43 by $0.06. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.Canadian National Railway’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. Sell-side analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.