Canadian National Railway (NYSE:CNI) to Issue Quarterly Dividend of $0.41

Canadian National Railway (NYSE:CNI) (TSE:CNR) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Monday, December 9th will be paid a dividend of 0.406 per share by the transportation company on Monday, December 30th. This represents a $1.62 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, December 6th.

CNI stock traded up $0.58 during midday trading on Wednesday, reaching $88.80. The company’s stock had a trading volume of 14,481 shares, compared to its average volume of 935,514. The business’s 50-day simple moving average is $90.90 and its 200-day simple moving average is $91.42. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $96.49. The stock has a market cap of $65.36 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.39. Canadian National Railway had a return on equity of 24.36% and a net margin of 29.62%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway will post 4.55 earnings per share for the current fiscal year.

A number of research firms recently commented on CNI. Royal Bank of Canada set a $137.00 price objective on Canadian National Railway and gave the company a “hold” rating in a report on Friday, September 13th. Scotiabank cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 2nd. CIBC reaffirmed a “hold” rating and issued a $119.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $94.00 to $100.00 in a report on Wednesday, October 16th. Finally, Wells Fargo & Co assumed coverage on shares of Canadian National Railway in a research report on Monday, October 28th. They issued a “market perform” rating and a $88.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $102.17.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Dividend History for Canadian National Railway (NYSE:CNI)

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