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 Friday, March 28th, RTT News reports. Stockholders of record on Monday, April 28th will be paid a dividend of 0.19 per share on Monday, April 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of Canadian Pacific Kansas City stock opened at C$103.40 on Wednesday. The stock has a market capitalization of C$96.65 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$121.35. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The company has a 50-day simple moving average of C$109.98 and a 200 day simple moving average of C$109.51.

Analysts Set New Price Targets

Several research analysts have recently commented on CP shares. Desjardins boosted their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Finally, ATB Capital boosted their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$123.43.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of C$116.16, for a total value of C$2,173,430.39. Insiders own 0.03% of the company’s stock.

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.