Canadian National Railway (TSE:CNR) (NYSE:CNI) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.538 per share on Monday, December 30th. This represents a $2.15 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.54.
TSE CNR traded up C$0.46 on Wednesday, reaching C$117.61. 345,393 shares of the company were exchanged, compared to its average volume of 1,112,028. The business’s fifty day moving average price is C$119.93 and its 200 day moving average price is C$121.05. The stock has a market capitalization of $83.80 billion and a P/E ratio of 18.99. The company has a current ratio of 0.71, a quick ratio of 0.35 and a debt-to-equity ratio of 77.32. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.96.
A number of analysts have issued reports on CNR shares. JPMorgan Chase & Co. cut their target price on Canadian National Railway from C$128.00 to C$123.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from C$137.00 to C$127.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. CIBC dropped their price objective on shares of Canadian National Railway from C$122.00 to C$119.00 in a report on Wednesday, October 23rd. National Bank Financial cut their price objective on shares of Canadian National Railway from C$121.00 to C$118.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Finally, Raymond James restated a “market perform” rating and set a C$135.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$123.64.
In related news, Director Denis Losier sold 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$122.11, for a total value of C$122,110.00. Following the completion of the sale, the director now owns 171,254 shares in the company, valued at approximately C$20,911,825.94. Also, Senior Officer Sean Finn sold 573 shares of Canadian National Railway stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$122.19, for a total transaction of C$70,012.86. Following the completion of the sale, the insider now owns 14,981 shares of the company’s stock, valued at approximately C$1,830,475.96.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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