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

Canadian National Railway (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.845 per share on Friday, September 27th. This represents a $3.38 annualized dividend and a yield of 2.04%.

Canadian National Railway Stock Down 1.5 %

TSE:CNR traded down C$2.59 during trading hours on Tuesday, hitting C$165.35. 804,726 shares of the stock traded hands, compared to its average volume of 1,078,249. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The firm has a market cap of C$105.20 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.06 and a beta of 0.66. The firm has a 50 day moving average price of C$167.01 and a 200 day moving average price of C$170.97.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The business had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. Equities research analysts anticipate that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CNR. Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. BMO Capital Markets decreased their price target on shares of Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating for the company in a report on Wednesday, June 19th. Raymond James upped their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Royal Bank of Canada upped 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 report on Wednesday, April 24th. Finally, Desjardins upped their price target on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$182.79.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were purchased at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is 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.