Canadian National Railway (TSE:CNR) to Issue Quarterly Dividend of $0.85

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.845 per share on Friday, June 28th. This represents a $3.38 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, June 7th.

Canadian National Railway Stock Performance

Shares of TSE:CNR traded up C$2.05 on Thursday, hitting C$170.40. 1,587,164 shares of the company were exchanged, compared to its average volume of 972,524. The company's 50 day moving average price is C$175.98 and its two-hundred day moving average price is C$165.64. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The firm has a market capitalization of C$109.10 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Research analysts expect that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CNR shares. Raymond James lifted their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an "outperform" rating in a research report on Monday. CIBC lifted their target price on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a "neutral" rating in a research report on Wednesday, March 27th. Sanford C. Bernstein boosted their price target on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an "outperform" rating in a research report on Monday, April 15th. Royal Bank of Canada boosted their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, ATB Capital boosted their price target on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$184.50.

Insider Buying and Selling

In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, with a total value of C$1,010,640.00. 1.67% of the stock is currently owned by corporate insiders.

About Canadian National Railway

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.