Canadian Pacific Railway Limited declares dividend

Rhea-AI Summary

The Board of Directors of Canadian Pacific Railway Limited has declared a quarterly dividend of $0.19 per share on outstanding Common Shares. This dividend will be payable on January 30, 2023, to shareholders recorded by the close of business on December 30, 2022. The dividend qualifies as an 'eligible' dividend under Canada’s Income Tax Act.

Canadian Pacific operates a transcontinental railway in Canada and the U.S., providing competitive freight transportation services and access to global markets.

Positive

• Quarterly dividend of $0.19 per share declared, providing income for shareholders.
• Dividend payment date set for January 30, 2023, indicating company's commitment to return value to shareholders.

Negative

• None.

CALGARY, AB, Oct. 26, 2022 /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 Jan. 30, 2023 to holders of record at the close of business on Dec. 30, 2022, 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-301659997.html

SOURCE Canadian Pacific

FAQ

What is the dividend amount declared by Canadian Pacific Railway Limited?

The dividend amount declared is $0.19 per share.

When is the dividend payment date for Canadian Pacific Railway Limited?

The dividend payment date is January 30, 2023.

Who is eligible to receive the dividend from Canadian Pacific Railway Limited?

Shareholders on record as of December 30, 2022, are eligible to receive the dividend.

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

Yes, it is considered an 'eligible' dividend under Canada's Income Tax Act.