Canadian Pacific Kansas City Limited (NYSE:CP) to Issue Quarterly Dividend of $0.14

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.14 per share by the transportation company on Monday, January 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14.

Canadian Pacific Kansas City has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Canadian Pacific Kansas City to earn $3.62 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 15.5%.

Canadian Pacific Kansas City Trading Up 0.3 %

NYSE:CP opened at $73.38 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business’s 50-day simple moving average is $76.31 and its 200-day simple moving average is $79.67. Canadian Pacific Kansas City has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock has a market capitalization of $68.49 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Stephens cut their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

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.