Canadian Pacific Railway Limited declares dividend

The Board of Directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.95 per share on January 26, 2021.

Rhea-AI Summary

The Board of Directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.95 per share on January 26, 2021. This dividend will be payable on April 26, 2021, to shareholders on record as of March 26, 2021. Classified as an "eligible" dividend under the Income Tax Act in Canada, this announcement reflects the company's ongoing commitment to returning value to its shareholders. Canadian Pacific is a transcontinental railway connecting major ports across North America.

Positive

• Quarterly dividend of $0.95 per share declared.
• Dividend is eligible for favorable tax treatment under Canadian law.
• Demonstrates company's commitment to shareholder returns.

Negative

• None.

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News Market Reaction – CP

In the trading session that priced this news, CP declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CALGARY, AB, Jan. 26, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.95 per share on the outstanding Common Shares.

The dividend is payable on April 26, 2021 to holders of record at the close of business on March 26, 2021, 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:http://www.prnewswire.com/news-releases/canadian-pacific-railway-limited-declares-dividend-301215525.html

SOURCE Canadian Pacific

FAQ

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

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

The declared dividend amount is $0.95 per share.

When will the dividend be paid to shareholders of CP?

The dividend will be paid on April 26, 2021.

What is the record date for the dividend payment of CP?

The record date for the dividend payment is March 26, 2021.

Is the dividend from CP eligible for tax benefits?

Yes, the dividend is classified as an 'eligible' dividend under the Income Tax Act in Canada.