Canadian Pacific Kansas City Limited (TSE:CP) to Issue $0.19 Quarterly Dividend

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Friday, December 27th will be paid a dividend of 0.19 per share on Monday, January 27th. This represents a $0.76 annualized dividend and a yield of 0.69%.

Canadian Pacific Kansas City Stock Down 0.3 %

TSE:CP traded down C$0.30 during trading hours on Wednesday, hitting C$109.74. 327,114 shares of the company traded hands, compared to its average volume of 1,300,507. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a market cap of C$102.40 billion, a PE ratio of 29.42, a PEG ratio of 2.32 and a beta of 0.79. The firm’s 50-day simple moving average is C$112.31 and its 200-day simple moving average is C$111.67. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The company had revenue of C$3.60 billion for the quarter, compared to analyst estimates of C$3.55 billion. Equities analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction on 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. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company’s stock in a transaction 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. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CP. TD Securities boosted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. ATB Capital increased their price target 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 report on Wednesday, July 31st. Finally, Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of C$121.13.

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.