Canadian National Railway Plans Quarterly Dividend of $0.63 (NYSE:CNI)

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, June 7th will be paid a dividend of 0.625 per share by the transportation company on Friday, June 28th. This represents a $2.50 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, June 7th.

Canadian National Railway has raised its dividend by an average of 10.3% annually over the last three years and has raised its dividend every year for the last 1 years. Canadian National Railway has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian National Railway to earn $6.63 per share next year, which means the company should continue to be able to cover its $2.49 annual dividend with an expected future payout ratio of 37.6%.

Canadian National Railway Stock Performance

CNI stock traded up $1.92 during trading on Thursday, hitting $124.78. 1,450,389 shares of the company traded hands, compared to its average volume of 1,024,670. The stock's 50-day simple moving average is $129.58 and its 200 day simple moving average is $122.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The company has a market cap of $79.70 billion, a PE ratio of 19.90, a P/E/G ratio of 2.26 and a beta of 0.88. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, equities analysts expect that Canadian National Railway will post 5.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on CNI shares. CIBC lowered Canadian National Railway from a "sector outperform" rating to a "neutral" rating in a report on Wednesday, January 10th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a report on Wednesday. Stephens reissued an "equal weight" rating and issued a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday. Stifel Nicolaus raised their price objective on Canadian National Railway from $121.00 to $134.00 and gave the company a "hold" rating in a report on Friday, April 12th. Finally, Barclays raised their price objective on Canadian National Railway from $127.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, April 4th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $147.86.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.