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

Canadian National Railway (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Friday, September 6th, RTT News reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.845 per share on Friday, September 27th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, September 6th.

Canadian National Railway Trading Up 0.6 %

TSE:CNR opened at C$159.77 on Wednesday. The firm has a market capitalization of C$100.58 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The company has a fifty day moving average of C$159.22 and a 200 day moving average of C$168.28. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. On average, research analysts predict that Canadian National Railway will post 7.6980029 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CNR shares. TD Securities dropped their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Barclays cut their price target on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on shares of Canadian National Railway from C$188.00 to C$182.00 in a report on Wednesday, July 24th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from C$172.00 to C$169.00 in a research note on Wednesday, July 24th. Finally, UBS Group reduced their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$179.29.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of C$160.21 per share, with a total value of C$87,156.42. 1.68% of the stock is currently owned by company 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.