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

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI declared a quarterly dividend on Tuesday, July 22nd, RTT News reports. Stockholders of record on Monday, September 8th will be paid a dividend of 0.8875 per share on Tuesday, September 9th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.60%.

Canadian National Railway Price Performance

CNR stock traded up C$0.30 during trading on Tuesday, hitting C$136.56. 1,477,418 shares of the company's stock traded hands, compared to its average volume of 1,347,247. The stock has a market capitalization of C$85.56 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$130.02 and a 52 week high of C$167.90. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The business has a fifty day simple moving average of C$143.70 and a 200 day simple moving average of C$142.80.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CNR shares. BMO Capital Markets cut their price target on Canadian National Railway from C$175.00 to C$168.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Scotiabank lifted their price target on Canadian National Railway from C$160.00 to C$165.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Raymond James Financial raised shares of Canadian National Railway from a "market perform" rating to an "outperform" rating and upped their price target for the company from C$150.00 to C$162.00 in a report on Thursday, July 17th. Susquehanna upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Desjardins reduced their target price on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of C$160.57.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 627 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of C$139.47 per share, for a total transaction of C$87,448.44. Also, Director Susan C. Jones bought 1,461 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of C$136.62 per share, with a total value of C$199,600.80. Company insiders own 2.64% of the company's stock.

Canadian National Railway Company Profile

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%).

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