CN Declares Second-Quarter 2023 Dividend

Rhea-AI Summary

CN (NYSE: CNI) announced a quarterly dividend of C$0.79 per common share, payable on June 30, 2023, to shareholders on record by June 9, 2023. This decision reflects CN's commitment to delivering shareholder value, showcasing the company's strong financial position and ongoing profitability. With a vast 18,600-mile rail network, CN plays a crucial role in transporting over 300 million tons of goods across North America, contributing significantly to the economy and communities it serves.

Founded in 1919, CN emphasizes social responsibility and environmental stewardship, making it a notable leader in transportation and trade.

Positive

• Quarterly dividend of C$0.79 per share enhances income for shareholders.
• Strong dividend payment reflects CN's commitment to shareholder value.
• Robust operational network supports consistent revenue generation.

Negative

• None.

MONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2023 dividend on the Company’s common shares outstanding. A quarterly dividend of seventy-nine cents (C$0.7900) per common share will be paid on June 30, 2023, to shareholders of record at the close of business on June 9, 2023.

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN’s network connects Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

   Contacts:

Media	Investment Community
Jonathan Abecassis	Paul Butcher
Senior Manager	Vice-President
Media Relations	Investor Relations
(438) 455-3692 media@cn.ca	(514) 399-0052 investor.relations@cn.ca

FAQ

What is the dividend amount for CN in Q2 2023?

CN announced a quarterly dividend of C$0.79 per share for Q2 2023.

When will the CN dividend be paid?

The CN dividend will be paid on June 30, 2023.

What is the record date for CN's dividend payment?

The record date for CN's dividend payment is June 9, 2023.

How often does CN pay dividends?

CN pays dividends on a quarterly basis.

What are the benefits of investing in CN stock?

Investing in CN stock provides shareholders with regular dividend income and potential capital appreciation.