Canadian National Railway (CNI) Raises Quarterly Dividend 10% to $0.4125; 2.3% Yield
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CN announces 10 per cent increase in quarterly cash dividend
January 24, 2017 4:02 PM ESTMONTREAL, Jan. 24, 2017 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 10 per cent increase in the Company's quarterly cash dividend. With this increase, CN's dividend on an annualized basis is C$1.65 per common share.
Ghislain Houle, CN executive vice-president and chief financial officer, said: "CN delivered strong results through challenging economic conditions in 2016. This performance reflects our resilience and supports our long-running ability to reward shareholders with consistent dividend growth."
A quarterly dividend of... More
