Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) declared a quarterly dividend on Friday, February 15th, Wall Street Journal reports. Stockholders of record on Friday, March 29th will be paid a dividend of 0.4887 per share by the transportation company on Monday, April 29th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, March 28th.

Canadian Pacific Railway has raised its dividend payment by an average of 18.1% per year over the last three years and has increased its dividend every year for the last 3 years. Canadian Pacific Railway has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Railway to earn $13.84 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 13.8%.

Shares of CP opened at $201.66 on Wednesday. Canadian Pacific Railway has a 52-week low of $167.48 and a 52-week high of $224.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market capitalization of $28.12 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $1.37. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. Canadian Pacific Railway’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.22 EPS. Equities research analysts expect that Canadian Pacific Railway will post 12.51 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Deutsche Bank reduced their price objective on Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Sanford C. Bernstein lowered Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 price objective on the stock. in a research report on Tuesday, March 12th. ValuEngine upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, Seaport Global Securities restated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, January 24th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $230.93.

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Canadian Pacific Railway Company Profile

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

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Dividend History for Canadian Pacific Railway (NYSE:CP)

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