Canadian Pacific Kansas City Limited (NYSE:CP) Announces $0.14 Quarterly Dividend

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.141 per share by the transportation company on Monday, July 29th. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th.

Canadian Pacific Kansas City has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.7%.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $0.16 during trading hours on Thursday, hitting $82.09. 3,141,835 shares of the company traded hands, compared to its average volume of 2,117,485. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.25 and a beta of 0.94. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a 50-day moving average of $87.11 and a 200 day moving average of $79.74. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, analysts forecast that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CP shares. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Thursday. StockNews.com raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Wednesday, January 31st. Scotiabank restated a "sector perform" rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $96.42.

About Canadian Pacific Kansas City

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.