Canadian Pacific Kansas City Limited declares dividend

Rhea-AI Summary

The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP, NYSE: CP) has declared a quarterly dividend of $0.19 per share, payable on July 31, 2023. Shareholders on record as of June 30, 2023 will receive this dividend, which qualifies as an "eligible" dividend under the Income Tax Act of Canada. CPKC is positioned as the first and only single-line transnational railway linking Canada, the United States, and Mexico, with approximately 20,000 route miles and access to major ports. The company aims to grow with its customers by offering freight transportation services and logistics solutions.

Positive

• Quarterly dividend declared at $0.19 per share, indicating shareholder returns.
• The dividend is recognized as an "eligible" dividend for tax purposes, enhancing its attractiveness.
• Strong operational network with an extensive reach across North America, ensuring high market potential.

Negative

• None.

CALGARY, AB, April 26, 2023 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares.

The dividend is payable on July 31, 2023 to holders of record at the close of business on June 30 2023, 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 of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 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

View original content:https://www.prnewswire.com/news-releases/canadian-pacific-kansas-city-limited-declares-dividend-301808470.html

SOURCE CPKC

FAQ

What is the dividend amount declared by Canadian Pacific Kansas City Limited?

The declared dividend is $0.19 per share.

When will the dividend for Canadian Pacific Kansas City Limited be paid?

The dividend will be paid on July 31, 2023.

When is the record date for the dividend of Canadian Pacific Kansas City Limited?

The record date for the dividend is June 30, 2023.

Is the dividend from Canadian Pacific Kansas City Limited eligible for tax benefits?

Yes, it is classified as an 'eligible' dividend under the Income Tax Act of Canada.