Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of $0.19 on April 28th

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Friday, March 28th, RTT News reports. Shareholders of record on Monday, April 28th will be given a dividend of 0.19 per share on Monday, April 28th. This represents a $0.76 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th.

Canadian Pacific Kansas City Price Performance

CP opened at C$103.40 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a 1 year low of C$101.76 and a 1 year high of C$121.35. The stock has a fifty day moving average price of C$109.98 and a 200 day moving average price of C$109.51. The stock has a market cap of C$96.65 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.32 and a beta of 0.79.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CP has been the subject of several analyst reports. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Scotiabank lowered their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. CIBC reduced their target price on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$123.43.

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.