Canadian National Railway - CNI STOCK NEWS

CN (CNI) has filed its 2020 Annual Financial Statements, along with related documentation, with Canadian and U.S. securities regulators. These documents are accessible in the Investor section of CN's website. Shareholders can request printed copies of these documents free of charge. CN is recognized as a leader in transportation, facilitating the movement of over 300 million tons of goods across a vast rail network connecting Canada's coasts with the U.S. since 1919, while emphasizing social responsibility and environmental stewardship.

CN will present at the Citi 2021 Global Industrials Virtual Conference on February 17, 2021, at 10:30 a.m. ET. CEO JJ Ruest and CFO Ghislain Houle will provide insights which can be accessed via a live webcast on the company's Investor Relations webpage. CN is a key player in transportation, moving over 300 million tons of goods annually across a 19,500 mile rail network connecting Canada to the U.S. The company emphasizes its role in supporting the economy and is dedicated to social responsibility and environmental stewardship.

CN (NYSE: CNI) announced a new normal course issuer bid allowing the repurchase of up to 14 million common shares, equating to 2.36% of shares outstanding as of January 18, 2021. The bid runs from February 1, 2021, to January 31, 2022, reflecting confidence in generating free cash flow and continuing dividend growth. Additionally, a 7% increase in the quarterly dividend to C$0.6150 per share was approved, payable on March 31, 2021. The company previously repurchased nearly 2 million shares in its expiring bid, returning C$225 million to shareholders.

CN (CNI) reported a strong fourth quarter in 2020, with diluted EPS growing by 17% compared to the previous year, reaching C$1.43. Free cash flow hit a record C$3.2 billion. Although full-year revenues decreased by 7% to C$13.8 billion, the company is optimistic about 2021, reinstating guidance for high single-digit EPS growth and targeting C$3.0 to C$3.3 billion in free cash flow. Additionally, CN announced a 7% increase in its quarterly cash dividend and plans to repurchase up to 14 million shares under a new issuer bid.

CN will release its fourth-quarter and full-year 2020 financial results on January 26, 2021, post-market close. A conference call to discuss these results will be led by JJ Ruest, CN's President and CEO, starting at 4:30 p.m. ET. Participants can join by calling 1-866-324-3683 in Canada and the U.S. or 1-509-844-0959 internationally, using passcode 3066867. The call will also be webcast live on CN's investor website, with a replay available afterward. CN is a key transportation leader, moving over 300 million tons of goods annually across North America.

CN (CNI) has been ranked 10th on the Corporate Knights 2021 Global 100 Index for most sustainable corporations globally. This recognition highlights CN's commitment to delivering excellent financial performance while pursuing a zero emissions economy. Notably, CN is the only railway company on this prestigious list. The assessment by Corporate Knights evaluated companies on 24 quantitative key performance indicators across various sustainability areas, demonstrating CN's alignment with international sustainability standards.

CN will release its fourth-quarter and full-year 2020 financial results on January 26, 2021, at 4:01 p.m. ET. A conference call led by CEO JJ Ruest will follow at 4:30 p.m. ET, reviewing results and the company's outlook. Interested participants can join via telephone or webcast, with details provided for dialing in. The railway, a critical player in North America's logistics, operates a 19,500-mile network and has been key to trade since 1919, emphasizing social responsibility and environmental stewardship.

CN (CNI) has achieved a remarkable milestone in the 2020-2021 crop year, moving over 14.5 million metric tonnes of grain via carload, surpassing previous records by nearly 2 million metric tonnes or over 15%. In December alone, 2.84 million metric tonnes were shipped, marking the tenth consecutive month of record shipments. Key to this success are significant investments in infrastructure, including 1,500 new high-capacity grain hopper cars. CN continues to support its supply chain partners amid the challenges posed by the pandemic.

CN Achieves Key Safety Milestone

CN (TSX: CNR, NYSE: CNI) has successfully completed interoperability testing for Positive Train Control (PTC) with tenant railroads across its 35 PTC-equipped subdivisions in the U.S. The Federal Railroad Administration (FRA) has approved CN's PTC system, marking a significant safety advancement aimed at preventing accidents from human errors. This investment underscores CN's commitment to enhancing safety and serves as a foundation for future technology initiatives.