Canadian National Railway Announces Quarterly Dividend of $0.89 (TSE:CNR)

Key Points

• Canadian National Railway declared a quarterly dividend of $0.89, set to be paid to shareholders on September 29th, with an annual yield of 2.7%.
• The company's stock opened at C$133.76, with a 52-week range from C$126.91 to C$164.53, and a market cap of C$83.49 billion.
• Recent insider transactions include purchases totaling approximately $1.28 million by directors, suggesting confidence in the company's stock performance.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI declared a quarterly dividend on Monday, September 8th, TickerTech Dividends reports. Investors of record on Monday, September 29th will be given a dividend of 0.8875 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 8th.

Canadian National Railway Stock Down 1.8%

TSE CNR traded down C$2.32 during mid-day trading on Tuesday, reaching C$129.25. 3,120,761 shares of the company's stock traded hands, compared to its average volume of 1,456,550. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 1-year low of C$126.91 and a 1-year high of C$164.53. The company has a fifty day simple moving average of C$133.94 and a 200-day simple moving average of C$138.55. The company has a market cap of C$80.68 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 3.38 and a beta of 0.93.

Insider Activity

In other news, Director Susan C. Jones acquired 1,520 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of C$130.96 per share, with a total value of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average price of C$131.40 per share, for a total transaction of C$998,624.04. Insiders have bought 9,747 shares of company stock valued at $1,285,138 in the last 90 days. Insiders own 2.64% of the company's stock.

About Canadian National Railway

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).