Canadian Pacific Kansas City Limited to Issue Quarterly Dividend of $0.19 (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.19 per share on Monday, July 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th.

Canadian Pacific Kansas City Price Performance

TSE:CP traded down C$0.09 on Thursday, reaching C$112.14. The stock had a trading volume of 1,601,805 shares, compared to its average volume of 1,201,745. The company has a market capitalization of C$104.58 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The stock has a fifty day moving average price of C$118.31 and a 200-day moving average price of C$108.10.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing analysts' consensus estimates of C$0.95 by C($0.02). The firm had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Research analysts forecast that Canadian Pacific Kansas City will post 4.3266423 EPS for the current year.

Insider Activity

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total value of C$7,162,691.43. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders sold 97,758 shares of company stock worth $10,774,715 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CP has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Stephens boosted their price target on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 31st. Finally, CIBC boosted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$120.63.

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.