FONT-SIZE Plus   Neg

Canadian Pacific Railway Hikes Dividend - Quick Facts

Canadian Pacific Railway Limited (CP, CP.TO) said Monday that its board declared an increase in its next quarterly dividend to C$0.35 per share, from C$0.30 per share. The increased dividend is payable on July 30, 2012 to holders of record at the close of business on June 22, 2012.

Last Friday, Canadian Pacific Railway reported first-quarter net income of C$142 million or C$0.82 per share, higher than C$34 million or C$0.20 per share a year ago. Total revenues rose to C$1.38 billion from C$1.16 billion in the prior-year quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT