Canadian National Railway (CNI) Tops Q4 EPS by 2c

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Go back to Canadian National Railway (CNI) Tops Q4 EPS by 2c

CN announces new normal course issuer bid for share repurchase and 18 per cent dividend increase

January 29, 2019 4:02 PM EST

MONTREAL, Jan. 29, 2019 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid) and approved an 18 per cent increase in the 2019 dividend on the Company's common shares outstanding.

The Bid permits CN to purchase, for cancellation, over a 12-month period up to 22 million common shares, representing 3.62 per cent of the 607,533,033 common shares issued and outstanding of the Company not held by insiders on Jan. 18, 2019. On... More