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

Canadian National Railway (TSE:CNR) (NYSE:CNI) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, June 7th will be paid 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 is Friday, June 7th.

Canadian National Railway Stock Down 4.8 %

Shares of TSE CNR opened at C$168.35 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The stock has a market capitalization of C$107.78 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The stock’s fifty day simple moving average is C$176.07 and its two-hundred day simple moving average is C$165.60. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. National Bankshares raised their price objective on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. UBS Group lowered their price objective on Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. Veritas Investment Research cut Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price objective for the company. in a research report on Wednesday, January 24th. Raymond James raised their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TD Securities raised their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average target price of C$184.50.

Insiders Place Their Bets

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

Canadian National Railway Company Profile

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.