CPKC (NYSE: CP) boosts quarterly dividend 17.5% to $0.268 per share
Rhea-AI Filing Summary
Canadian Pacific Kansas City Limited declared a higher quarterly dividend, reinforcing its focus on shareholder returns. The board approved a dividend of $0.268 per share on the company’s common shares, up from $0.228 per share, a 17.5% increase. The dividend will be paid on July 27, 2026 to shareholders of record at the close of business on June 26, 2026. The company describes this payment as an “eligible” dividend for Canadian tax purposes.
Positive
- Dividend increase of 17.5%: CPKC raised its quarterly dividend from $0.228 to $0.268 per share, signalling greater confidence in cash flows and enhancing cash returns to shareholders.
Negative
- None.
Insights
CPKC’s 17.5% dividend hike signals stronger confidence in cash generation.
Canadian Pacific Kansas City Limited raised its quarterly dividend from $0.228 to $0.268 per share, a 17.5% increase. A double-digit raise typically indicates management’s comfort with current earnings power and the durability of future cash flows.
The company frames this as part of its commitment to returning cash to shareholders, suggesting dividends are a core element of its capital allocation alongside growth investment. The payment on July 27, 2026 to holders of record on June 26, 2026 provides clear timing for income-focused investors.
Because the dividend is classified as an “eligible” dividend under the Income Tax Act (Canada), Canadian taxable investors may benefit from preferential tax treatment. Future filings and disclosures will show whether this larger dividend is sustained or complemented by other shareholder-return actions.
8-K Event Classification
Key Figures
Key Terms
quarterly dividend financial
eligible dividend financial
Income Tax Act (Canada) regulatory
single-line transnational railway technical
route miles technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
(
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| Common Shares, without par value, of Canadian Pacific Kansas City Limited | CP | Toronto Stock Exchange | ||
| Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company | BC87 | London Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| ITEM 8.01. | Other Events. |
On April 28, 2026, Canadian Pacific Kansas City Limited (the “Corporation”) issued a press release announcing that the Corporation’s board of directors declared a quarterly dividend of $0.268 per share on the Corporation’s outstanding common shares, an increase of 17.5% to the previous dividend of $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. A copy of this press release is attached as Exhibit 99.1.
| ITEM 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Exhibit Description | |
| Exhibit 99.1 | Press Release dated April 28, 2026. | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: April 29, 2026 | ||||||
| CANADIAN PACIFIC KANSAS CITY LIMITED | ||||||
|
By: | /s/ Tyler Robinson | ||||
| Name: | Tyler Robinson | |||||
| Title: | General Counsel & Assistant Corporate Secretary | |||||
Exhibit 99.1
Release: April 28, 2026
CPKC increases dividend by 17.5 percent
Calgary – 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
Contacts:
Media
mediarelations@cpkcr.com
Investment Community
Chris de Bruyn
403-319-3591
investor@cpkcr.com