Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Wednesday, November 22nd, RTT News reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.5625 per share on Monday, January 29th. This represents a $2.25 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, December 28th.
Shares of Canadian Pacific Railway (TSE CP) opened at C$227.24 on Friday. Canadian Pacific Railway has a 12 month low of C$188.36 and a 12 month high of C$228.69.
In other news, insider Laird Joseph Pitz sold 609 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59.
Several analysts have issued reports on CP shares. J P Morgan Chase & Co lifted their price target on Canadian Pacific Railway from C$262.00 to C$265.00 in a research note on Wednesday, October 18th. TD Securities lifted their target price on Canadian Pacific Railway from C$220.00 to C$225.00 in a research report on Wednesday, October 18th. CIBC lifted their target price on Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. BMO Capital Markets lifted their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. Finally, Raymond James Financial lifted their price target on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and a consensus price target of C$231.08.
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About Canadian Pacific Railway
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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