Canadian Pacific Railway Limited (NYSE:CP) Announces Quarterly Dividend

Canadian Pacific Railway Limited (NYSE:CP) declared quarterly dividend of $ 0.95 per share, or $ 3.80 annualized.

The dividend will be payable on January 25, 2021, to stockholders of record on December 31, 2020, with an ex-dividend date of December 30, 2020.

Dividends History

Click Here For More Historical Dividends Of Canadian Pacific Railway Limited

Canadian Pacific Railway Limited recently reported third quarter financial results on October 20, 2020, before market open, transcontinental railway service provider unveiled income for the third quarter of C$ 4.41 per share, from the revenue of C$ 1,832.00 million, On adjusted basis, CP reported income for the quarter of C$ 4.12 per share. The quarterly earnings reduced 1.12 percent while revenues decreased 7.43 percent compared with the same quarter last year. Street analysts expected Canadian Pacific Railway Limited recently reported third quarter financial results on October 20, 2020, before market open, transcontinental railway service provider to report income of C$ 3.23 per share on revenue of C$ 1414.79 million for the third quarter. The bottom line results beat street analysts by C$ 0.89 or 27.55 percent, at the same time, top line results outshined analysts by C$ 417.21 million or 29.49 percent.

Stock Performance

Shares of Canadian Pacific Railway Limited traded low $ -1.43 or -0.44 percent on Tuesday, reaching $ 320.95 with volume of 382.20 thousand shares. The stock opened down for the day at $ 319.00, after closing the previous day trading at $ 322.38.

According to the previous trading day, closing price of $ 322.38, representing a 86.07 % increase from the 52 week low of $ 173.26 and a 1.53 % decrease over the 52 week high of $ 327.40.

The company has a market capital of $ 43.37 billion and is part of the Industrials sector and Railroads industry.

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. It also transports intermodal traffic comprising retail goods in overseas containers.