Canadian Pacific Railway Limited declares dividend

Rhea-AI Summary

The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) announced a quarterly dividend of $0.19 per share on January 31, 2023. This dividend will be payable on April 24, 2023, for shareholders on record as of the close of business on March 31, 2023. This dividend is classified as an 'eligible' dividend under Canada's Income Tax Act. Canadian Pacific operates as a transcontinental railway in Canada and the United States, providing access to major ports and offering a variety of freight transportation and logistics services to its customers.

Positive

• Quarterly dividend of $0.19 per share announced.
• Dividend payment reflects company confidence and financial stability.

Negative

• None.

CALGARY, AB, Jan. 31, 2023 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway 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 April 24, 2023, to holders of record at the close of business on March 31, 2023, 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

View original content:https://www.prnewswire.com/news-releases/canadian-pacific-railway-limited-declares-dividend-301734979.html

SOURCE Canadian Pacific

FAQ

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

Canadian Pacific declared a quarterly dividend of $0.19 per share.

When is the dividend payment date for Canadian Pacific (CP)?

The dividend is payable on April 24, 2023.

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

The record date for the dividend is March 31, 2023.

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

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