CNQ's most recent quarterly dividend payment was made to shareholders of record on Tuesday, January 5. Canadian National Railway Co's Dividends per Share for the three months ended in Dec. 2020 was $0.45. During the past 5 years, the average Dividends Per Share Growth Rate was 12.80% … 03/31/2021. Disadvantages of investing for dividend growth. Identify stocks that meet your criteria using seven unique stock screeners. It's no wonder more and more investors are jumping in before this blows up. Canadian National Railway Company (TSE:CNR) Passed Our Checks, And It's … During the past 12 months, Canadian National Railway Co's average Dividends Per Share Growth Rate was 7.00% per year. Canadian Natural Resources pays out -459.46% of its earnings out as a dividend. Get short term trading ideas from the MarketBeat Idea Engine. Ghislain Houle, Canadian National's executive vice-president and chief financial officer, said: "We are confident in CN's ability to generate free cash flow over the business cycle and we are pleased to announce that we will be resuming the use of surplus capital to repurchase company shares in 2021, while maintaining our 25-year track record of dividend growth.". During the past 3 years, the average Dividends Per Share Growth Rate was 11.70% per year. Get daily stock ideas top-performing Wall Street analysts. CNR's next quarterly dividend payment will be made to shareholders of record on Wednesday, March 31. Looking for new stock ideas? Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. In the earnings release, CN Rail announced a dividend increase from $0.575 CAD per share quarterly to $0.615 CAD per share quarterly. 12/09/2020. Using expected earnings-per-share, the company has a payout ratio of 43% for 2020. See what's happening in the market right now with MarketBeat's real-time news feed. Essential to the economy, to the customers and to the communities it serves, Canadian National safely transports more than 300 million tonnes of natural resources, manufactured products and finished goods throughout North America every year. With demand for crypto mining booming, one company has found a unique way to energize the boom! 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Only one company announced dividend increase. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. In these analyses I use nine criteria that permit rapid quantitative screening based on the dividend, earnings growth, dividend growth, dividend safety, and valuation. As the only railroad connecting Canada's eastern and western coasts with the U.S. south through a 19,500-mile rail network, Canadian National and its affiliates have been contributing to community prosperity and sustainable trade since 1919. That’s why Elon Musk could be eying a Nevada lithium mine that’s just 188 miles from his Gigafactory – same day delivery! The bid permits Canadian National to purchase, for cancellation, over a 12-month period, up to 14 million common shares, representing 2.36 per cent of the 593,951,550 common shares issued and outstanding of the company not held by insiders on Jan. 18, 2021. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. CNR: Canadian National Railway raises dividend 7% to $0.615 quarterly: 2019-01-30: CNR: … 6. At this pace, CN Rail is set to double its dividend every 6 years. New Residential Investment NZL increased its dividend payout by 100% to .40 annually from .20. ... 03/09/2021. CN Rail increases Q1 dividend to 61.5 cents, CN ANNOUNCES NEW NORMAL COURSE ISSUER BID FOR SHARE REPURCHASE AND 7% DIVIDEND INCREASE. Between 2013 and 2019 CN Rail had a dividend … CNR's next quarterly dividend payment will be made to shareholders of record on Wednesday, March 31. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Purchases were made on the open market. The bid -- starting on Feb. 1, 2021, and ending no later than Jan. 31, 2022 -- will be conducted through a combination of discretionary transactions and automatic repurchase plans at market prices prevailing at the time of purchase, through the facilities of the Toronto Stock Exchange and New York Stock Exchange, or alternative trading systems, if eligible, and will conform to their regulations. Canadian National Railway pays out 46.00% of its earnings out as a dividend. And this company is using AI to create a unique self-service experience that has never existed before. Receive a free world-class investing education from MarketBeat. Canadian National has raised its dividends each year since its IPO in 1995, growing them at more than 15% CAGR over the last decade. Background. June is a slow month for dividend increase. © American Consumer News, LLC dba MarketBeat® 2010-2021. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Want to see which stocks are moving? 09/08/2020. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. document.write('
'); Sales are set to increase from $10 billion in 2018 to an estimated $97 billion by 2026, according to a new report from Fortune Business Insights ... 12/30/2020. Royal Bank of Canada (RY) With roots tracing back to the 1860s, Royal Bank of Canada (RY), or RBC, … Purchases may also be conducted using derivative-based programs, accelerated share repurchase transactions or other methods of acquiring shares, subject to any required regulatory approval and on such terms and at such times as shall be permitted by applicable laws. Canadian National is committed to programs supporting social responsibility and environmental stewardship. 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The company's board approved a 7% increase in its quarterly dividend to C$0.615. On January 26, 2021, Canadian National Railway “CN Rail” release its earnings. Do Not Sell My Information. The new bid was approved by the Toronto Stock Exchange today. Canadian National Railway Co beat analysts' estimates for first-quarter profit on Monday and said it plans to withdraw its full-year 2020 forecast … Canadian National Railway’s annualized dividend is $1.79. First quarter dividend (PDF) Dividends payable in U.S. dollars Shareholders wishing to receive dividends in U.S. dollars may obtain detailed information by communicating with Computershare Trust Company of Canada at 1-800-564-6253 . The board of directors approved a 7% dividend increase for 2020, which has meant that the company has now increased dividends for 24 consecutive years. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Canadian National Railway Co's Dividends per Share for the three months ended in Dec. 2020 was C$0.58.. During the past 12 months, Canadian National Railway Co's average Dividends Per Share Growth Rate was 7.00% per year. Canadian National Railway's next dividend payment will be CA$0.57 per share, on the back of last year when the company paid a total of CA$2.30 to shareholders. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Just because CNR’s dividend growth rate has averaged 15% over the last 13 years doesn’t mean it will continue at that rate. Dividend (Yield %) 1.66: ... UPDATE 2-CN Rail expects crude shipments to drive growth in 2020. Receive Analysts' Upgrades and Downgrades Daily. Not to mention the stock price has been going up and up. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Canadian National Railway pays an annual dividend of C$2.30 per share, with a dividend yield of 1.62%. CN Rail Company (TSX:CNR)(NYSE:CNI) is a wonderful business with a stock that's at a wonderful price today amid the COVID-19 pandemic. MONTREAL, April 27, 2020 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2020 dividend on the Company's common shares outstanding. CN Rail has a 24 year dividend growth streak, and has raised the dividend by 16.54% on an annual basis over the last 5 years. As at the close of trading on Jan. 18, 2021, Canadian National had repurchased 1,982,778 common shares at a weighted-average price of $113.53 per share, excluding brokerage fees, returning $225-million to its shareholders. The decisions regarding the timing and size of future purchases of common shares under the bid are subject to management's discretion and are based on a variety of factors, including market conditions. Bitcoin has hit an all-time high this year and other digital currencies are also exploding. When we decided to update our list of the Best Canadian Dividend Stocks for 2021, we focused on four key areas: We hand-pick high dividend stocks that we believe will continue thriving during next year, regardless of what 2021 has in store for us. The yield on the 10-year Treasury note is currently 1.09%’ it moved above the 1.0% threshold on January 6. Learn everything you need to know about successful options trading with this three-part video course. Canadian National Railway’s 7% dividend increase earlier this year was in the ballpark of its decade-long average raise of 11.6%. Dividend Payments by Month (or Quarter) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 2020 2021 C$ 0.61 QUARTERLY Mar 31 C$0.40 C$0.60 C$0.80 A quarterly dividend of fifty-seven and a half cents (C$0.5750) per common share will be paid on March 31, 2020, to shareholders of record at the close of business on March 10, 2020. CN's Board of Directors also approved a … Dividend Payments by Month (or Quarter) Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2018 2019 2020 2021 C$ 0.42 QUARTERLY Jan 5 C$0.30 C$0.40 C$0.50 To see all exchange delays and terms of use please see disclaimer. CN's Board of Directors also approved a first-quarter 2020 dividend on the Company's common shares outstanding. 03/10/2021. Canadian National believes that the repurchase of its shares represents an appropriate and beneficial use of the company's funds. Looking at the last 12 months of distributions, Canadian National Railway has a trailing yield of approximately 1.7% on its current stock price of CA$137.56. The nine criteria used in quantitative screening are: Our Accessibility Statement Canadian National is a world-class transportation leader and trade enabler. As momentum in the economy continues, we feel that this growth can hit 6% in 2022, which would be back in line with growth levels pre-COVID (ranging between 3% and 8%). Eligible Dividend Designation - pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Canadian Natural Resources Limited on or after January 1, 2006 qualifies as an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA. Back in August, the yield hit a 2020 nadir of 0.51% due to the coronavirus’s seriousness and uncertainty and the lack of agreement in the federal government to provide another fiscal relief package. It's no wonder more and more investors are jumping in before this blows up. © 2021 Canjex Publishing Ltd. All rights reserved. And this company is using AI to create a unique self-service experience that has never existed before. Payout Ratio. Both have dividend growth in the double digit so you may chose the highest yield of the two stocks for a new position but then you probably want to add enough to DRIP if you have many years ahead of you. 0.575 CAD: 10/20/2020. On that date, 711,653,063 Canadian National common shares were issued and outstanding. A quarterly dividend of 61.5 cents per common share will be paid on March 31, 2021, to shareholders of record at the close of business on March 10, 2021. The post CN Rail (TSX:CNR): A Dividend Growth … 12/08/2020. Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. The company has also announced a 7% dividend increase for 2021, marking a 25-year track record of uninterrupted dividend growth. CN Rail trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbols CNR and CNI, respectively. View our full suite of financial calendars and market data tables, all for free. The latest dividend increase was announced on January 28 2020 at 7%. Please log in to your account or sign up in order to add this asset to your watchlist. Learn about financial terms, types of investments, trading strategies and more. Learn more. A quarterly dividend of fifty-seven and a half cents (C$0.5750) per common share will be paid on March 31, 2020, to shareholders of record at the close of business on March 10, 2020. Canadian National's board of directors also approved a first quarter 2021 dividend on the company's common shares outstanding. Canadian National paused its share repurchases between the end of March, 2020, and Jan. 31, 2021, due to the economic circumstances. The first potential disadvantage of dividend growth investing is analogous to the fact that dividend yields are not guaranteed; similarly, dividend growth is not guaranteed. Net income is expected to grow by 9.0% CAGR between 2020 and 2023. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Market Cap: $98.17 billion Forward P/E: 25.82 Yield: 1.67% Dividend Growth Streak: 24 years Payout Ratio (Earnings): 44.83% Although CNR only has a dividend yield of around 1.7%, it has an excellent dividend growth history. The PE ratio is hovering above 20, so it is not a cheap stock. Fundamental company data provided by Zacks Investment Research. If you are approaching retirement and living on the income, the highest yield is … View which stocks are hot on social media with MarketBeat's trending stocks report. Canadian National's current normal course issuer bid announced in January, 2020, for the purchase of up to 16 million common shares expires on Jan. 31, 2021. I provide a summary analysis of Canadian National Railway, which ranks highly in my model at No. Are Contact-less Sales In Cannabis The Next Big Investor Cash Out? Canadian National Railway pays out 46.00% of its earnings out as a dividend. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates. Learn more. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. All rights reserved. Key Data for Canadian National Railway Company (CNR), including dividends, moving averages, valuation metrics, and more. Canadian National's board of directors also approved a first quarter 2021 dividend on the company's common shares outstanding. Shareholders saw a 113% increase in dividend per common share between 2010 and 2020 fueled by an outstanding dividend growth of > 11% p.a. Lithium is Tesla’s life blood and China is strangling its supply. The Toronto Stock Exchange rules permit Canadian National to purchase daily, through Toronto Stock Exchange facilities, a maximum of 332,893 common shares under the bid. CNR has a 24-year dividend growth streak with a 10-year annualized dividend growth rate of 15.6%. Canadian National paused its share repurchases between the end of March, 2020, and Jan. 31, 2021, due to the economic circumstances. Canadian National Railway Company's board of directors has approved the repurchase of its shares under a new normal course issuer bid and approved a 7-per-cent increase in the 2021 dividend on the company's common shares outstanding. Since I owed 304 shares, this increase will add $60.8 to my annual income. You can opt out at any time. Export data to Excel for your own analysis. ... DIVIDEND GROWTH (3 YEAR) 12.33. DIVIDEND GROWTH (5 YEAR) 12.84. Dividend History. That would follow the 2% dividend growth realized for 2020. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Our expectations are for an upward growth in dividends coming off the 2020 plateau (see chart). CNI stock has a current yield of 1.6% at the moment. Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS. CN paused its share repurchases between the end of March 2020 and January 31, 2021 due to the economic circumstances. 0.615 CAD: 01/26/2021. The new dividend will be paid out on Mar 31, to its shareholders of record as on Mar 10, 2021. 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