Canadian National Railway to Issue Quarterly Dividend of $0.85 (TSE:CNR)

Canadian National Railway (TSE:CNR - Get Free Report) 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 0.845 per share on Monday, December 30th. This represents a $3.38 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th.

Canadian National Railway Price Performance

Shares of TSE CNR traded down C$1.55 during mid-day trading on Thursday, hitting C$153.52. 1,051,145 shares of the stock were exchanged, compared to its average volume of 1,110,862. The company has a market cap of C$96.64 billion, a P/E ratio of 18.26, a PEG ratio of 3.38 and a beta of 0.65. The stock's fifty day simple moving average is C$157.27 and its two-hundred day simple moving average is C$164.33. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a twelve month low of C$143.16 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. As a group, analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity

In other news, Director Susan C. Jones acquired 1,230 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones purchased 1,230 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were acquired at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Over the last ninety days, insiders bought 4,383 shares of company stock worth $585,772. 2.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday. Sanford C. Bernstein reduced their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 8th. ATB Capital raised their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday. Finally, Stephens raised shares of Canadian National Railway to a "hold" rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$171.07.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.