Tuesday, January 25th the Board of Directors of Canadian National Railway Company (CNR) announced a quarterly dividend increase of from C$ 0.615 to C$ 0.7325 per share that’s payable March 31, 2022 to holders of record March 10, 2022. This represents a 19.11% increase over the last quarterly dividend.
In addition, the Company’s Board of Directors also approved a new Normal course issuer bid (NCIB) that permits CN to purchase, for cancellation, over a 12-month period up to 42 million common shares, starting on February 1, 2022, and ending no later than January 31, 2023.
This is the 26th consecutive year of dividend increases.