Canadian Pacific Kansas City Limited Declares Quarterly Dividend of $0.14 (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.1373 per share by the transportation company on Monday, October 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, September 27th.

Canadian Pacific Kansas City has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.74 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 15.0%.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $82.12 on Wednesday. The company has a market cap of $76.62 billion, a P/E ratio of 26.32, a PEG ratio of 2.32 and a beta of 0.96. The company has a fifty day simple moving average of $79.73 and a 200 day simple moving average of $82.72. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Bank of America cut their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

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.