Tuesday,
January 24th the Board of Directors of Canadian National Railway
Company (CNR) announced
a quarterly dividend increase of from C$ 0.7325 to C$ 0.79 per share
that’s payable March 31, 2023 to holders of record March 10, 2023.
This represents a 7.85% increase over the last quarterly dividend.
In
addition, CNR has approved the repurchase of its shares under a new
normal course issuer bid (Bid). The Bid, in the range of C$4 billion,
permits CN to purchase, for cancellation, over a 12-month period up
to 32 million common shares, representing 4.8% of the 671,253,977
common shares issued and outstanding of the Company on January 18,
2023.