CN Boosts Quarterly Dividend

CN Train loaded with lumber stuck on the south side of the tracks.
CN Train

TORONTO – BUSINESS – CN (TSX: CNR) (NYSE:  CNI) announced today that its Board of Directors has approved a 10 per cent increase in the Company’s quarterly cash dividend. With this increase, CN’s dividend on an annualized basis is C$1.65 per common share.

Ghislain Houle, CN executive vice-president and chief financial officer, said: “CN delivered strong results through challenging economic conditions in 2016. This performance reflects our resilience and supports our long-running ability to reward shareholders with consistent dividend growth.”

A quarterly dividend of forty-one-and-one-quarter cents (C$0.4125) per common share will be paid on March 31, 2017, to shareholders of record at the close of business on March 10, 2017.

CN has declared annual increases to its dividend every year since its first dividend declaration in 1996.