Canadian Pacific Kansas City Limited to Issue Quarterly Dividend of $0.13 (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, March 28th will be paid a dividend of 0.1318 per share by the transportation company on Monday, April 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, March 28th.

Canadian Pacific Kansas City has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.0%.

Canadian Pacific Kansas City Stock Down 0.3 %

CP stock traded down $0.25 during trading hours on Friday, reaching $79.57. 5,777,809 shares of the stock were exchanged, compared to its average volume of 3,310,146. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $74.28 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.04 and a beta of 0.96. The firm’s 50-day moving average is $75.34 and its 200-day moving average is $79.05. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities research analysts expect that Canadian Pacific Kansas City will post 3.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CP shares. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

About Canadian Pacific Kansas City

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.