Canadian National Railway (CNR) To Go Ex-Dividend on December 9th

Canadian National Railway (TSE:CNR) (NYSE:CNI) announced 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 is Monday, December 9th.

Canadian National Railway Stock Down 0.0 %

TSE:CNR opened at C$155.07 on Thursday. The firm has a 50-day simple moving average of C$157.27 and a two-hundred day simple moving average of C$164.33. The firm has a market cap of C$97.62 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNR. Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. UBS Group decreased their target price on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. TD Securities dropped their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a report on Wednesday. Citigroup lifted their price target on shares of Canadian National Railway from C$125.00 to C$126.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Desjardins lowered their price objective on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$171.00.

Insider Activity at Canadian National Railway

In other news, Director Susan C. Jones bought 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. Over the last three months, insiders have purchased 4,383 shares of company stock worth $585,772. Corporate insiders own 2.64% of the company’s stock.

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.