Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of $0.13 on April 28th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Friday, January 31st, Wall Street Journal reports. Stockholders of record on Friday, March 28th will be given 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 0.73%. The ex-dividend date of this dividend is Friday, March 28th.

Canadian Pacific Kansas City has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $3.93 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 14.2%.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $72.38 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $67.58 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $89.26. The company has a 50-day simple moving average of $76.64 and a 200 day simple moving average of $77.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Analysts Set New Price Targets

CP has been the subject of several research reports. Stephens increased their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Company Profile

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.