CN Declares Third-Quarter 2020 Dividend

Rhea-AI Summary

CN (CNI) announced a quarterly dividend of C$0.5750 per common share, payable on September 30, 2020, to shareholders of record by September 9, 2020. This dividend reflects CN's commitment to returning value to shareholders. The company is a critical player in the economy, transporting over C$250 billion worth of goods annually across a rail network spanning approximately 20,000 route-miles. CN connects key cities and ports throughout Canada and mid-America, serving diverse business sectors including resources, manufacturing, and consumer goods.

Positive

• Quarterly dividend of C$0.5750 maintains shareholder returns.
• Strong commitment to returning value to shareholders.
• Robust operations with C$250 billion worth of goods transported annually.

Negative

• None.

News Market Reaction – CNI

+1.43%

1 alert

+1.43% News Effect

On the day this news was published, CNI gained 1.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MONTREAL, July 21, 2020 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2020 dividend on the Company’s common shares outstanding. A quarterly dividend of fifty-seven and a half cents (C$0.5750) per common share will be paid on September 30, 2020, to shareholders of record at the close of business on September 9, 2020.

CN is a true backbone of the economy transporting more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries  –  serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company's website at www.cn.ca.

Contacts:
Media	Investment Community
Jonathan Abecassis	Paul Butcher
Senior Manager	Vice-President
Media Relations	Investor Relations
(514) 399-7956	(514) 399-0052
Media@cn.ca

                                                                           
                                                       
                                                       
                                                            
                                                              

 

FAQ

What is the dividend amount for CN in Q3 2020?

CN announced a dividend of C$0.5750 per common share for Q3 2020.

When is the dividend payment date for CN?

The dividend will be paid on September 30, 2020.

What is the record date for CN's Q3 2020 dividend?

The record date for the dividend is September 9, 2020.

How much does CN transport annually?

CN transports over C$250 billion worth of goods annually.

What network size does CN operate?

CN operates a rail network of approximately 20,000 route-miles.