Canadian Pacific Kansas City Limited Announces Quarterly Dividend of $0.19 (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.19 per share on Monday, January 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.70%.

Canadian Pacific Kansas City Trading Down 0.9 %

Shares of CP stock traded down C$0.97 during mid-day trading on Wednesday, hitting C$109.07. 950,315 shares of the company's stock were exchanged, compared to its average volume of 1,303,547. The stock has a market cap of C$101.78 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.32 and a beta of 0.79. The stock has a 50-day simple moving average of C$112.31 and a two-hundred day simple moving average of C$111.67. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Equities analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays raised their price objective on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. National Bankshares set a C$119.00 price target on Canadian Pacific Kansas City and gave the stock a "sector perform" rating in a report on Thursday, June 27th. ATB Capital lifted their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Finally, Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of C$121.13.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is currently owned by insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.