Canadian Pacific Railway Limited declares dividend

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) announced a quarterly dividend of $0.19 per share on April 26, 2022.

Rhea-AI Summary

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) announced a quarterly dividend of $0.19 per share on April 26, 2022. The dividend will be payable on July 25, 2022 to shareholders on record as of June 24, 2022. This dividend qualifies as an "eligible" dividend under the Canadian Income Tax Act. Canadian Pacific operates a transcontinental railway connecting major ports in Canada and the U.S., providing competitive rail service and logistics solutions to customers across North America.

Positive

• Declaration of a quarterly dividend of $0.19 per share, providing income for shareholders.
• Dividend payment date set for July 25, 2022, demonstrating commitment to shareholder returns.
• Eligible dividend status supports potential tax advantages for shareholders.

Negative

• None.

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News Market Reaction – CP

In the trading session that priced this news, CP gained 0.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CALGARY, AB, April 26, 2022 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares.

The dividend is payable on July 25, 2022 to holders of record at the close of business on June 24, 2022, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

About Canadian Pacific

Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR

View original content:https://www.prnewswire.com/news-releases/canadian-pacific-railway-limited-declares-dividend-301533738.html

SOURCE Canadian Pacific

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the amount of the dividend declared by Canadian Pacific (CP)?

Canadian Pacific declared a quarterly dividend of $0.19 per share.

When will the dividend for Canadian Pacific (CP) be paid?

The dividend will be paid on July 25, 2022.

When is the record date for the Canadian Pacific (CP) dividend?

The record date for the dividend is June 24, 2022.

Is the dividend from Canadian Pacific (CP) eligible for tax benefits?

Yes, the dividend is an eligible dividend under the Canadian Income Tax Act.