Transportation Sector Review: Canadian National Railway Announces Dividend

Canadian National Railway (NYSE:CNI) announced that its Board of Directors has approved a 15% increase in the company’s quarterly cash dividend. A quarterly dividend of Cdn 37.5c per common share will be paid on March 30, to shareholders of record at the close of business on March 9.

The shares closed at $75.03, down $3.88, or 4.92%, on the day. Its market capitalization is $33.37 billion.

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