Canadian Pacific Kansas City Limited Plans Quarterly Dividend of $0.19 (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Friday, March 28th will be given a dividend of 0.19 per share on Monday, April 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%.

Canadian Pacific Kansas City Trading Down 0.3 %

TSE:CP opened at C$113.64 on Thursday. The firm’s 50 day moving average is C$107.18 and its 200 day moving average is C$109.85. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$123.37. The stock has a market capitalization of C$106.04 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Over the last quarter, insiders sold 70,284 shares of company stock valued at $7,398,669. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CP. Desjardins lowered their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. National Bankshares upped their target price on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Scotiabank cut their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Monday, January 20th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Buy” and an average price target of C$124.23.

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.