Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Friday, December 27th will be paid a dividend of 0.14 per share by the transportation company on Monday, January 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14.
Canadian Pacific Kansas City has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $3.81 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 14.7%.
Canadian Pacific Kansas City Trading Down 0.4 %
Shares of NYSE CP opened at $78.50 on Friday. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market cap of $73.24 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The business has a fifty day simple moving average of $82.92 and a two-hundred day simple moving average of $81.50. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CP shares. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a research note on Thursday. Finally, Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.78.
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.
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