Canadian National Railway (CNI) Tops Q3 EPS by 3c
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CN announces new normal course issuer bid for share repurchase, declares fourth-quarter 2018 dividend
October 23, 2018 4:02 PM EDTMONTREAL, Oct. 23, 2018 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid) and approved a fourth-quarter 2018 dividend.
The Bid permits CN to purchase, for cancellation, over a 3-month period up to 5.5 million common shares, representing 0.9 per cent of the 611,354,197 common shares issued and outstanding of the Company not held by insiders on Oct. 16, 2018. On that date, 730,422,928 CN common shares were issued and outstanding.
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