Canadian Pacific Kansas City Limited declares dividend

Rhea-AI Summary

Canadian Pacific Kansas City (CPKC) has announced a quarterly dividend of $0.19 per share on its outstanding Common Shares. The dividend will be paid on October 28, 2024, to shareholders of record as of September 27, 2024. This dividend is classified as an "eligible" dividend for Canadian tax purposes, which may have implications for shareholders under the Income Tax Act (Canada) and similar provincial/territorial legislation. CPKC, traded on both the Toronto Stock Exchange (TSX: CP) and the New York Stock Exchange (NYSE: CP), continues its practice of rewarding shareholders through regular dividend payments.

Positive

• Consistent dividend payment demonstrates financial stability
• Dividend provides income for shareholders

Negative

• None.

CALGARY, AB , July 29, 2024 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares.

The dividend is payable on Oct. 28, 2024, to holders of record at the close of business on Sept. 27, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

About CPKC
With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

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SOURCE CPKC

FAQ

What is the dividend amount for Canadian Pacific Kansas City (CP) in Q3 2024?

Canadian Pacific Kansas City (CP) has declared a quarterly dividend of $0.19 per share for Q3 2024.

When is the payment date for CPKC's Q3 2024 dividend?

The dividend payment date for CPKC's Q3 2024 dividend is October 28, 2024.

What is the record date for Canadian Pacific Kansas City's (CP) latest dividend?

The record date for Canadian Pacific Kansas City's (CP) latest dividend is September 27, 2024.

Is Canadian Pacific Kansas City's (CP) dividend considered 'eligible' for Canadian tax purposes?

Yes, the dividend is considered an 'eligible' dividend for purposes of the Income Tax Act (Canada) and similar provincial/territorial legislation.