Canadian National Railway Company (CNI) to Issue Quarterly Dividend of C$0.92 on September 29th

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) announced a quarterly dividend on Friday, July 24th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.915 per share by the transportation company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th.

Canadian National Railway has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Canadian National Railway has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Canadian National Railway to earn $6.31 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 42.3%.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $129.53 on Friday. The firm’s 50-day moving average price is $120.15 and its 200-day moving average price is $110.64. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $131.55. The company has a market cap of $78.50 billion, a PE ratio of 22.97, a PEG ratio of 2.47 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 earnings per share. As a group, analysts anticipate that Canadian National Railway will post 5.67 EPS for the current year.

Institutional Trading of Canadian National Railway

Several large investors have recently added to or reduced their stakes in the business. High Point Wealth Management LLC bought a new position in Canadian National Railway in the fourth quarter worth approximately $27,000. MidFirst Bank purchased a new stake in shares of Canadian National Railway in the 4th quarter worth $31,000. Curio Wealth LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd raised its holdings in Canadian National Railway by 378.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC bought a new position in Canadian National Railway in the 1st quarter worth $37,000. 80.74% of the stock is currently owned by institutional investors.

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.