Canadian National Railway (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Monday, December 9th will be given a dividend of 0.538 per share on Monday, December 30th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.54.
Canadian National Railway stock traded up C$0.35 during midday trading on Wednesday, hitting C$117.50. 268,960 shares of the company were exchanged, compared to its average volume of 1,111,805. The company has a market cap of $83.80 billion and a PE ratio of 19.01. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.96. The company’s fifty day moving average price is C$119.93 and its 200-day moving average price is C$121.05. The company has a debt-to-equity ratio of 77.32, a current ratio of 0.71 and a quick ratio of 0.35.
In other news, Senior Officer Sean Finn sold 573 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$122.19, for a total value of C$70,012.86. Following the completion of the sale, the insider now owns 14,981 shares of the company’s stock, valued at approximately C$1,830,475.96. Also, Director Denis Losier sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$122.11, for a total transaction of C$122,110.00. Following the completion of the sale, the director now directly owns 171,254 shares of the company’s stock, valued at approximately C$20,911,825.94.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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