Canadian Pacific Railway Hikes Dividend - Quick Facts

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4/23/2012 6:22 PM ET

Canadian Pacific Railway Limited (CP: Quote, 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.

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