Canadian Pacific Railway (NYSE: CP) declared a quarterly dividend of C$0.50 per share, or C$2 annualized. This is a 42.9% increase from the prior dividend of C$0.35.

The dividend will be payable on July 25, 2016, to stockholders of record on June 24, 2016, with an ex-dividend date of June 22, 2016.

The annual yield on the dividend is 1.3 percent.

For a dividend history and other dividend-related data on Canadian Pacific Railway (CP) click here.