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

Canadian National Railway (TSE:CNR) (NYSE:CNI) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, June 7th will be given a dividend of 0.845 per share on Friday, June 28th. This represents a $3.38 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, June 7th.

Canadian National Railway Stock Performance

TSE CNR opened at C$168.35 on Thursday. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a market capitalization of C$107.78 billion, a PE ratio of 19.74, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a fifty day moving average of C$176.07 and a two-hundred day moving average of C$165.60.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The business had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. As a group, analysts expect that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. 1.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. National Bankshares increased their target price on shares of Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Veritas Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 target price for the company. in a research note on Wednesday, January 24th. UBS Group decreased their target price on shares of Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. Desjardins increased their target price on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Scotiabank increased their target price on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$184.50.

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.