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Canadian Pacific Railway Limited declares dividend

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Canadian Pacific Railway Limited (TSX: CP) has declared a quarterly dividend of $0.95 per share on its outstanding Common Shares. This dividend will be paid on January 25, 2021, to shareholders on record as of the close of business on December 31, 2020. The dividend qualifies as an 'eligible' dividend under the Income Tax Act in Canada. Canadian Pacific operates a transcontinental railway connecting major ports in Canada and the United States, offering extensive freight transportation services.

Positive
  • Quarterly dividend of $0.95 declared for shareholders.
  • Dividend payable on January 25, 2021, enhancing shareholder income.
Negative
  • None.

CALGARY, AB, Oct. 20, 2020 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.95 per share on the outstanding Common Shares.

The dividend is payable on Jan. 25, 2021 to holders of record at the close of business on Dec. 31, 2020, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR

Cision View original content:http://www.prnewswire.com/news-releases/canadian-pacific-railway-limited-declares-dividend-301156110.html

SOURCE Canadian Pacific

FAQ

What is the dividend amount declared by Canadian Pacific (CP)?

The declared dividend amount is $0.95 per share.

When is the dividend payable for Canadian Pacific (CP)?

The dividend is payable on January 25, 2021.

What is the record date for the Canadian Pacific (CP) dividend?

The record date for the dividend is December 31, 2020.

Is the dividend from Canadian Pacific (CP) eligible for tax purposes?

Yes, it is an 'eligible' dividend under the Income Tax Act.

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United States of America
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