CPKC increases dividend by 17.5 percent

Rhea-AI Summary

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) announced a quarterly dividend of $0.268 per share, a 17.5% increase from the prior $0.228 per share. The dividend is payable on July 27, 2026 to holders of record at the close of business on June 26, 2026 and is designated as an eligible dividend for Canadian tax purposes.

The Board framed the increase as part of its ongoing commitment to returning cash to shareholders following the company combination.

Positive

• Dividend increase of 17.5% to $0.268 per share
• Payment schedule: payable July 27, 2026; record date June 26, 2026
• Eligible dividend status for Canadian tax purposes

Negative

• None.

CALGARY, AB, April 28, 2026 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.268 per share on the outstanding Common Shares, an increase of 17.5 percent to the previous dividend of $0.228 per share.

"We are pleased to announce an increase to our dividend as part of our ongoing commitment to returning cash to our shareholders," said Keith Creel, CPKC President and Chief Executive Officer. "In the three years since our historic combination, CPKC has successfully demonstrated the power of our unique network, the resiliency of our operating model, and our dedication to creating value for our shareholders."

The dividend is payable on July 27, 2026, to holders of record at the close of business on June 26, 2026, 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 Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing approximately 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 dividend did Canadian Pacific Kansas City (CP) declare on April 28, 2026?

The company declared a quarterly dividend of $0.268 per share, a 17.5% increase from $0.228. According to the company, the dividend reflects its ongoing commitment to returning cash to shareholders after the combination.

When is the CP dividend payable and what is the record date for July 2026?

The dividend is payable on July 27, 2026 with a record date at the close of business on June 26, 2026. According to the company, shareholders on the record date will receive the eligible dividend on the payment date.

Is the CP dividend declared on April 28, 2026, an eligible dividend for Canadian tax purposes?

Yes. The company designated the quarterly dividend as an eligible dividend under the Income Tax Act (Canada). According to the company, this affects how Canadian shareholders may report the dividend for tax purposes.

What does the 17.5% dividend increase mean for CP shareholders in 2026?

A 17.5% increase raises the quarterly payout to $0.268 per share, increasing cash returns for shareholders. According to the company, the move is part of its ongoing policy to return cash following the combination; shareholders receive the payment on July 27, 2026.