Canadian Pacific Kansas City Limited (NYSE:CP) Announces Quarterly Dividend of $0.13

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.1318 per share by the transportation company on Monday, April 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, March 28th.

Canadian Pacific Kansas City has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.0%.

Canadian Pacific Kansas City Trading Down 0.3 %

NYSE CP traded down $0.25 during trading hours on Friday, hitting $79.57. 5,777,809 shares of the company’s stock were exchanged, compared to its average volume of 3,310,146. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $75.34 and a 200 day simple moving average of $79.05. The firm has a market cap of $74.28 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.04 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts forecast that Canadian Pacific Kansas City will post 3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CP has been the topic of several research reports. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Company Profile

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.