Canadian National Railway (CNI) Raises Quarterly Dividend 20% to C$0.375

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Go back to Canadian National Railway (CNI) Raises Quarterly Dividend 20% to C$0.375

CN announces 20 per cent increase in quarterly cash dividend

January 26, 2016 4:02 PM EST

MONTREAL, Jan. 26, 2016 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 20 per cent increase in the Company's quarterly cash dividend. With this increase, CN's dividend on an annualized basis is C$1.50 per common share.

Luc Jobin, CN executive vice-president and chief financial officer, said: "We are pleased to uphold our track record of consistently returning cash to shareholders. This dividend increase is testimony to our confidence in the strong cash flow generation capacity of CN throughout business... More

CN reports Q4-2015 net income of C$941 million, with diluted earnings per share (EPS) up 15% to C$1.18

January 26, 2016 4:02 PM EST

Record full-year earnings -- 2015 adjusted diluted EPS rose 18% to C$4.44 (1)

MONTREAL, Jan. 26, 2016 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2015.

Fourth-quarter 2015 financial highlights

Net income increased 11 per cent to C$941 million, while diluted EPS increased 15 per cent to C$1.18.  Operating income increased seven per cent to C$1,354 million. Revenues decreased by one per cent to C$3,166 million. Carloadings declined eight per cent, and... More