Canadian National Railway - CNI STOCK NEWS

CN has announced its fourth-quarter 2024 dividend approval by the Board of Directors. Shareholders of record as of December 9, 2024, will receive a quarterly dividend of C$0.8450 per common share, payable on December 30, 2024. This dividend declaration demonstrates CN's commitment to returning value to its shareholders and reflects the company's financial stability. The announcement provides important information for current and potential investors regarding the upcoming dividend payment and relevant dates.

CN reported its Q3 2024 financial results, showing resilience despite challenges from wildfires and labor issues. Key highlights include:

• Revenue ton miles increased 2% to 56,548 million
• Revenues rose 3% to C$4,110 million
• Operating income remained steady at C$1,515 million
• Operating ratio increased 1.1 points to 63.1%
• Diluted EPS grew 2% to C$1.72

CN maintains its 2024 guidance, expecting low single-digit adjusted diluted EPS growth and a C$3.5 billion capital investment. The company targets high single-digit compounded annual adjusted diluted EPS growth for 2024-2026.

CN (TSX: CNR) (NYSE: CNI) is set to release its third-quarter 2024 financial and operating results after the market close today. The company will hold a conference call at 4:30 p.m. Eastern Time to review the results and discuss the railway's outlook. Tracy Robinson, CN President and Chief Executive Officer, will lead the call.

Interested parties can participate via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using passcode 5497429. Participants are advised to dial in 10 minutes before the call. CN will also provide a live webcast of the presentation with supporting slides through the Investors section of its website. A webcast replay will be available after the call concludes.

CN (TSX: CNR) (NYSE: CNI) has announced it will release its third-quarter 2024 financial and operating results after market close on October 22, 2024. The company will hold a conference call at 4:30 p.m. Eastern Time on the same day, led by Tracy Robinson, CN President and Chief Executive Officer, to review the results and discuss the railway's outlook.

Interested parties can participate via telephone by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) using passcode 5497429. Participants are advised to dial in 10 minutes before the call. CN will also provide a live webcast of the presentation with supporting slides through the Investors section of its website. A replay of the webcast will be available after the call concludes.

CN has released its 2024-2025 Winter Plan, focusing on proactive solutions to address winter operational challenges. The plan highlights key initiatives:

1. Technology advancements: Deployment of 4th generation Autonomous Track Inspection Program (ATIP) using ground penetrating radar for detailed ballast and subgrade assessments.

2. Network reliability: $1 million investment in overhauling 20 air cars, part of a $61.6 million air car program since 2009 to improve service reliability and protect capacity.

3. Response readiness: Strategic reserve of locomotives in critical corridors and deployment of backup power generators across the network.

4. Workforce growth: 9% increase in available CN operating employees between April 2023 and May 2024.

CN announced that Unifor, representing 3,300 Mechanical, Clerical, and Intermodal employees in Canada, has filed a Notice of Dispute just three days after negotiations began. The current collective agreements, covering three separate agreements, are set to expire on December 31, 2024. Despite expressing disappointment at the early filing of the Notice, CN remains committed to reaching negotiated agreements that benefit employees, customers, and the economy.

CN (TSX: CNR) (NYSE: CNI) has launched its annual See Tracks? Think Train® Week campaign from September 23-29, 2024, to raise awareness about rail safety. CN Police Services and employees will actively share important rail safety messages in communities across CN's network to help prevent rail-related accidents and injuries.

The campaign highlights the critical importance of being safe around rail property, as there are on average over 2,000 crossing accidents and 1,000 trespassing incidents each year in North America. In 2023, there were 2,192 rail crossing collisions reported in the U.S., resulting in 247 fatalities and 766 injuries.

CN promotes rail safety in all communities it operates through, with over 428 communities signing resolutions or proclamations officially recognizing Rail Safety Week in 2023. The company emphasizes that safety is a shared responsibility and urges communities to get involved in spreading the safety message.

CN (TSX: CNR) (NYSE: CNI) is offering media interviews with CN police officers during See Tracks? Think Train Week, an annual public awareness campaign from September 23-29, 2024. The initiative aims to promote rail safety and prevent accidents at crossings. CN officers will participate in safety initiatives across the country, sharing tips and highlighting the dangers of trespassing on railway property.

Media outlets can arrange onsite, in-studio, or on-air interviews with CN officers through regional media contacts. Visual elements will be available for various media formats. CN emphasizes that safety is a shared responsibility and encourages community involvement in spreading awareness about rail crossing safety and the risks of trespassing on tracks.

CN (TSX: CNR) (NYSE: CNI) has announced a public debt offering of US$750 million in 4.375% Notes due 2034. The offering is expected to close on September 18, 2024, subject to customary conditions. The net proceeds will be used for general corporate purposes, potentially including debt redemption, refinancing, share repurchases, acquisitions, and other business opportunities.

The debt offering is being made in the United States under a shelf registration statement dated April 2, 2024. Several major financial institutions are involved as joint book-running managers, senior co-managers, and co-managers. Interested parties can obtain a copy of the prospectus supplement and accompanying prospectus from the specified contacts.