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

Canadian National Railway (TSE:CNR) (NYSE:CNI) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Monday, December 9th will be paid a dividend of 0.845 per share on Monday, December 30th. This represents a $3.38 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, December 9th.

Canadian National Railway Trading Down 0.0 %

CNR opened at C$155.07 on Thursday. Canadian National Railway has a 1-year low of C$143.16 and a 1-year high of C$181.34. The stock has a market capitalization of C$97.62 billion, a PE ratio of 18.42, a PEG ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a 50-day moving average price of C$157.27 and a two-hundred day moving average price of C$164.33.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. As a group, equities analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CNR has been the subject of several research reports. National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. National Bankshares decreased their price target on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities dropped their price objective on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a report on Wednesday. ATB Capital upped their target price on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday. Finally, Raymond James lowered their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$171.00.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Susan C. Jones bought 1,230 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction dated Friday, July 26th. The stock was bought at an average price of C$115.29 per share, with a total value of C$300,906.90. Insiders have bought a total of 4,383 shares of company stock valued at $585,772 over the last three months. 2.64% 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.