Canadian Pacific Railway (CP) to acquire full ownership of the Detroit River Rail Tunnel for $312 million

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Canadian Pacific Railway (CP) Declares $0.95 Quarterly Dividend; 1.2% Yield

October 20, 2020 2:06 PM EDT

Canadian Pacific Railway (NYSE: CP) declared a quarterly dividend of $0.95 per share, or $3.8 annualized.

The dividend will be payable on January 25, 2021, to stockholders of record on December 31, 2020, with an ex-dividend date of December 30, 2020.

The annual yield on the dividend is 1.2... More

UPDATE: Canadian Pacific Railway (CP) Reports Q3 EPS of Cdn$4.41 on Revenues of Cdn$1.86B

October 20, 2020 8:34 AM EDT

(Updated - October 20, 2020 8:35 AM EDT)

Canadian Pacific Railway (NYSE: CP) reported Q3 EPS of Cdn$4.41, versus Cdn$4.46 reported last year. Revenue for the quarter came in at Cdn$1.86 billion, versus Cdn$1.93 billion reported last year.

Third-quarter highlights

Strong operational performance in average train weights and average train lengthsRevenues decreased by 6 percent to $1.86 billion from $1.98 billion last yearReported diluted EPS of $4.41, a 1 percent decrease from $4.46 last year, and adjusted diluted EPS of $4.12, an 11 percent decrease from $4.61 last yearOperating ratio was 58.2 percent, a 210 basis point increase over last year's third-quarter operating ratio of 56.1... More