Canadian Pacific Railway Limited Declares a 10% dividend increase
19 Febbraio 2008 - 11:22PM
PR Newswire (US)
CALGARY, Feb. 19 /PRNewswire-FirstCall/ -- The Board of Directors
of Canadian Pacific Railway Limited (TSX/NYSE: CP) today declared
an increase of 10 per cent in CP's next quarterly dividend to
twenty-four and three quarter cents ($0.2475) Canadian per share on
the outstanding Common Shares, from twenty-two and one half cents
($0.225) per share. "The dividend increase continues CP's trend of
dividend growth which reflects our ability to deliver on our
financial targets," said Mike Lambert, Executive Vice President and
Chief Financial Officer. "CP is confident in the strength of our
franchise, the outlook for our customers, and the solid
fundamentals of the rail industry." The $0.2475 dividend is payable
on April 28th, 2008, to holders of record at the close of business
on March 28th, 2008 and is an eligible dividend pursuant to
subsection 89(14) of the Canadian Income Tax Act. Canadian Pacific,
through the ingenuity of its employees located across Canada and in
the United States, remains committed to being the safest, most
fluid railway in North America. Our people are the key to
delivering innovative transportation solutions to our customers and
to ensuring the safe operation of our trains through the more than
900 communities where we operate. Our combined ingenuity makes CP a
better place to work, rail a better way to ship, and North America
a better place to live. Come and visit us at http://www.cpr.ca/ to
see how we can put our ingenuity to work for you. Canadian Pacific
is proud to be the official rail freight services provider for the
Vancouver 2010 Olympic and Paralympic Winter Games. DATASOURCE:
Canadian Pacific Railway CONTACT: Media: Leslie Pidcock, Tel.:
(403) 319-6878, email: ; Investment Community: Janet Weiss,
Assistant Vice-President, Investor Relations, Tel.: (403) 319-3591,
email:
Copyright