Canadian Pacific Kansas City Limited (TSE:CP) Declares Quarterly Dividend of $0.23

Key Points

• Canadian Pacific Kansas City Limited has declared a quarterly dividend of $0.23, with payment scheduled for October 27th to stockholders of record as of September 26th.
• The company's stock has shown a trading volume of 311,662 shares, compared to an average of 1,599,716, and is currently priced at C$104.86.
• Analyst ratings indicate a "Moderate Buy" with a consensus target price of C$120.62, reflecting differing price objectives from various research firms.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Friday, September 26th will be given a dividend of 0.228 per share on Monday, October 27th. This represents a c) dividend on an annualized basis and a yield of 0.9%.

Canadian Pacific Kansas City Stock Down 1.3%

TSE CP traded down C$1.34 on Friday, reaching C$100.56. The company had a trading volume of 1,609,193 shares, compared to its average volume of 1,617,576. The firm has a market capitalization of C$93.99 billion, a PE ratio of 26.55, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$119.20. The firm has a 50-day moving average of C$109.20 and a 200-day moving average of C$107.73. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CP shares. ATB Capital upped their price target on Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the stock an "outperform" rating in a report on Thursday. Desjardins decreased their price target on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. CIBC decreased their price target on Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an "outperform" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Buy" and an average target price of C$119.46.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.