Canadian Pacific Kansas City Limited (TSE:CP) Declares $0.19 Quarterly Dividend

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) announced a quarterly dividend on Monday, July 29th, RTT News reports. Investors of record on Monday, October 28th will be paid a dividend of 0.19 per share on Friday, September 27th. This represents a $0.76 annualized dividend and a yield of 0.67%.

Canadian Pacific Kansas City Stock Up 0.2 %

CP stock opened at C$114.06 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 51.94. The firm has a market capitalization of C$106.38 billion, a PE ratio of 28.16, a PEG ratio of 2.32 and a beta of 0.77. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The stock has a 50-day simple moving average of C$109.22 and a two-hundred day simple moving average of C$112.51.

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In other Canadian Pacific Kansas City news, Senior Officer Jeffrey Ellis sold 21,255 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. Insiders sold 208,730 shares of company stock worth $22,779,501 in the last quarter. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

CP has been the subject of a number of recent analyst reports. Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from C$118.00 to C$122.00 in a report on Monday, July 8th. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a report on Thursday, June 27th. Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. ATB Capital lifted their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Raymond James lifted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$121.93.

Canadian Pacific Kansas City Company Profile

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.