Canadian National Railway (CNI) Reports Q4 EPS of C$1.71

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Go back to Canadian National Railway (CNI) Reports Q4 EPS of C$1.71

Canadian National Railway (CNI) Announces CAD 5B Share Buyback Under New Normal Course Issuer Bid; Hikes Dividend to CAD 0.7325

January 25, 2022 4:09 PM EST

CN (NYSE: CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid), as well as a 19 per cent increase in the 2022 dividend on the Company's common shares outstanding.

The Bid, in the range of C$5 billion, permits CN to purchase, for cancellation, over a 12-month period up to 42 million common shares, representing 6.80 per cent of the 618,826,610 common shares issued and outstanding of the Company not held by insiders on January 18, 2022. On that date, 701,740,872 CN common shares were issued and... More