Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of C$0.27 on October 26th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, September 25th will be paid a dividend of 0.268 per share by the transportation company on Monday, October 26th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th.

Canadian Pacific Kansas City has decreased its dividend payment by an average of 0.0%annually over the last three years. Canadian Pacific Kansas City has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $4.33 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 17.8%.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $87.99 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $91.47 and its two-hundred day moving average price is $87.27. The company has a market cap of $77.29 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. On average, analysts predict that Canadian Pacific Kansas City will post 3.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CP shares. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.