CNI dividend history
Canadian National Railway Company (CNI) dividend declarations and ex-dividend dates - real-time wire coverage of every payout disclosure.
Recent dividend items
- CN Declares Second-Quarter 2026 DividendMONTREAL, April 29, 2026 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2026 dividend on the Company's common shares outstanding. A quarterly dividend of ninety-one and a half cents (C$0.9150) per common share will be paid on June 30, 2026, to shareholders of record at the close of business on June 9, 2026. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western
- CN Announces New Normal Course Issuer Bid for Share Repurchase and 3% Dividend IncreaseMONTREAL, Jan. 30, 2026 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a 3% increase in the 2026 dividend on the Company's outstanding common shares as well as the repurchase of its shares under a new normal course issuer bid (Bid). "These actions reflect CN's strong cash flow and our disciplined approach to managing capital. We are investing in the business, returning capital to shareholders and maintaining a strong balance sheet to support long-term performance." - Ghislain Houle, Executive Vice-President and Chief Financial Officer, CN The Bid permits CN to purchase, for cancellation, over a 12-month period up to 24 million com
- CN Declares Fourth-Quarter 2025 DividendMONTREAL, Oct. 31, 2025 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a fourth-quarter 2025 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on December 30, 2025, to shareholders of record at the close of business on December 9, 2025. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's E
- CN and CSX Collaborate to Launch New Intermodal Rail Service into NashvilleHOMEWOOD, Ill., and JACKSONVILLE, Fla., Sept. 09, 2025 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) and CSX (NASDAQ:CSX) today announced the signing of a Memorandum of Understanding (MOU) to develop a new intermodal service into Nashville, Tennessee. This service will provide customers with a seamless, all-rail alternative for international containers moving from Canada's West Coast gateways through Memphis directly into Nashville. By replacing the current trucking leg with a steel-wheel interchange, CN and CSX will be able to deliver faster, more reliable, and more sustainable supply chain solutions for customers. "This agreement allows us to expand our reach, enabling our custom
- CN Declares Third-Quarter 2025 DividendMONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a third-quarter 2025 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on September 29, 2025, to shareholders of record at the close of business on September 8, 2025. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Ea
- CN Declares Second-Quarter 2025 DividendMONTREAL, May 01, 2025 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2025 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on June 30, 2025, to shareholders of record at the close of business on June 9, 2025. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and
- CN Announces New Normal Course Issuer Bid for Share Repurchase and 5% Dividend IncreaseMONTREAL, Jan. 30, 2025 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a 5% increase in the 2025 dividend on the Company's outstanding common shares as well as the repurchase of its shares under a new normal course issuer bid (Bid). "We are confident in CN's resilience and financial strength throughout business cycles and are pleased to continue to uphold our track record of enhancing shareholder returns through share repurchases and uninterrupted dividend growth. Including today's announcement, CN has declared increases in its cash dividend 29 consecutive times."- Ghislain Houle, Executive Vice-President and Chief Financial Officer, C
- CN Declares Fourth-Quarter 2024 DividendMONTREAL, Oct. 22, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a fourth-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on December 30, 2024, to shareholders of record at the close of business on December 9, 2024. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and
- CN Declares Third-Quarter 2024 DividendMONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a third-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on September 27, 2024, to shareholders of record at the close of business on September 6, 2024. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern an
- CN Declares Second-Quarter 2024 DividendMONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on June 28, 2024, to shareholders of record at the close of business on June 7, 2024. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN's network connect
- CN Announces New Normal Course Issuer Bid for Share Repurchase and 7% Dividend IncreaseMONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a 7% increase in the 2024 dividend on the Company's common shares outstanding as well as the repurchase of its shares under a new normal course issuer bid (Bid). The Bid permits CN to purchase, for cancellation, over a 12-month period up to 32 million common shares, representing 5.63% of the 568,002,080 common shares issued and outstanding of the Company not held by insiders on January 18, 2024. On that date, 642,832,885 common shares were issued and outstanding. "CN has continued to deliver good financial results and free cash flow despite challenging market condi
- CN Announces Fourth Quarter and Year-End ResultsMONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2023. For the fourth quarter, the Company delivered diluted earnings per share (EPS) of C$3.29, an increase of 57% and adjusted diluted EPS of C$2.02, a decrease of 4%. (1) Operating ratio for the fourth quarter increased by 1.4-points to 59.3%. For 2023, the Company reported diluted EPS growth of 15%, while adjusted diluted EPS decreased by 2%. (1) Operating ratio for 2023 increased by 0.8-points, or 0.9-points on an adjusted basis. (1) "Through 2023, our team of dedicated railroaders leveraged our scheduled operating mo
- CN Announces Third Quarter ResultsMONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the third quarter ended September 30, 2023. "Our 'Make the Plan, Run the Plan, Sell the Plan' approach continued to perform well, delivering strong customer service despite weak consumer demand as well as external challenges. As volumes continue to improve, we are well positioned to deliver incremental operating leverage. We remain confident in our ability to accelerate sustainable, profitable growth in 2024 through 2026." – Tracy Robinson, President and Chief Executive Officer, CN Financial results highlights Revenues of C$3,987 million for the third quarter
- CN Declares Third-Quarter 2023 DividendMONTREAL, July 25, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a third-quarter 2023 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-nine cents (C$0.7900) per common share will be paid on September 29, 2023, to shareholders of record at the close of business on September 8, 2023. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN's network connects
- CN Announces Second Quarter ResultsMONTREAL, July 25, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the second quarter ended June 30, 2023. The Company's focus on scheduled railroading has resulted in year-over-year improvements in car velocity, train speed and through dwell. "CN's disciplined approach to scheduled railroading continues to deliver for our customers. As volumes evolve, we will continue to refine our plan to optimize efficiency and drive further improvements to customer service. Our goal to accelerate sustainable, profitable growth through 2026 and beyond remains on track."- Tracy Robinson, President and Chief Executive Officer, CN Second quarter 202
- CN Updating 2023 Guidance Following Strong First Quarter PerformanceMONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the first quarter ended March 31, 2023. Diluted earnings per share (EPS) of C$1.82 increased by 38% on an adjusted basis(1) and 39% on a reported basis. CN's scheduled operating plan demonstrated resiliency against Canadian winter conditions. "We are very proud of our performance this quarter. Safety is at the heart of everything we do and I'm particularly proud of our safety performance. We remain confident in our long-term growth despite current economic uncertainty. Our updated guidance reflects the strength of our scheduled operating model and its ability to driv
- CN Declares Second-Quarter 2023 DividendMONTREAL, April 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2023 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-nine cents (C$0.7900) per common share will be paid on June 30, 2023, to shareholders of record at the close of business on June 9, 2023. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN's network connects Canada's
- CN and Diversity Dividends Collective Recognized by ALM's Legalweek Leaders in Tech Law AwardsMONTREAL, March 17, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) is pleased to announce that the Diversity Dividends Collective (DDC), of which CN is an inaugural member, has been recognized by ALM's Legalweek Leaders in Tech Law Awards 2023 as a finalist in the "ESG Enablement Through Technology" category. The nomination recognizes successful initiatives that advance environmental, social, and governance causes within an organization or for the broader good, through the use of technology. More than 40 legal departments, including CN's, participate in DDC, a first-of-its-kind collective designed and initiated by Diversity Lab to propel the inclusion, equity, and diversity of legal dep
- CN Announces new Normal Course Issuer Bid for Share Repurchase and 8% Dividend IncreaseMONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid), as well as an 8% increase in the 2023 dividend on the Company's common shares outstanding. 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. "We are pleased to uphold our track record of consistent dividend growth. Our share repurchase program reflects our prudent approach in returning a significant am
- CN Announces Fourth Quarter and Year-End ResultsMONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2022. Diluted earnings per share (EPS) of C$2.10 grew by 23% on an adjusted basis in the fourth quarter, and operating ratio remained flat at 57.9% on an adjusted basis. (1) For the same period, the Company reported diluted EPS growth of 24%, while operating ratio improved 0.4 points. "I am very proud of the work accomplished by our team in the fourth quarter and throughout the year. Our approach to scheduled railroading improved our service to our customers, drove operational efficiency, and built the resiliency that ena
- CN Declares Fourth-Quarter 2022 DividendMONTREAL, Oct. 25, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a fourth-quarter 2022 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-three and a quarter cents (C$0.7325) per common share will be paid on December 29, 2022, to shareholders of record at the close of business on December 8, 2022. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the o
- CN's Third Quarter Results Reflect Strong Top-Line Growth and Renewed Focus on Scheduled OperationMONTREAL, Oct. 25, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the third quarter ended September 30, 2022. Diluted earnings per share (EPS) of C$2.13 increased by 40% on an adjusted basis, which represents a quarterly record. (1) Diluted EPS decreased by 10%, mainly due to a merger termination fee received in the same quarter of 2021. CN delivered strong top-line growth and yield, as operational advancements continued to drive improvements to key metrics, including car velocity, dwell, and train speed. "Our back to basics approach continues to drive strong results. CN's team of railroaders is doing a great job in delivering s
- CN Declares Third-Quarter 2022 DividendMONTREAL, July 26, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a third-quarter 2022 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-three and a quarter cents (C$0.7325) per common share will be paid on September 29, 2022, to shareholders of record at the close of business on September 8, 2022. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the
- CN Reports Second Quarter ResultsMONTRÉAL, July 26, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the second quarter ended June 30, 2022. Financial performance improved year-over-year with record adjusted diluted earnings per share (EPS) of C$1.93, up 30%. (1) For the same period, the Company reported diluted EPS up 32% to C$1.92. CN also delivered solid operational performance with improvements in key operating metrics such as origin train performance, car velocity, through dwell and record fuel efficiency, resulting in a lower operating ratio. "I am proud of our team of railroaders and pleased with our solid performance this quarter. Our team has the network run
- CN Declares Second-Quarter 2022 DividendMONTREAL, April 26, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2022 dividend on the Company's common shares outstanding. A quarterly dividend of seventy-three and a quarter cents (C$0.7325) per common share will be paid on June 30, 2022, to shareholders of record at the close of business on June 9, 2022. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only rai
- CN Reports First Quarter ResultsMONTREAL, April 26, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the first quarter ended March 31, 2022. CN delivered sound operating and financial performance across the board, with adjusted diluted earnings per share (EPS) of C$1.32, up 7%. (1) For the same period, the Company reported diluted EPS down 4% to C$1.31. "CN has an incredible tri-coastal network, the best on the continent. Our team of experienced railroaders demonstrated resilience in the first quarter, managing through severe winter weather conditions and supply chain disruptions to deliver solid results. I am encouraged by the cadence that we developed at the end o
- CN announces new normal course issuer bid for share repurchase and 19 per cent dividend increaseMONTREAL, Jan. 25, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid), as well as a 19 per cent increase in the 2022 dividend on the Company's common shares outstanding. The Bid, in the range of C$5 billion, permits CN to purchase, for cancellation, over a 12-month period up to 42 million common shares, representing 6.80 per cent of the 618,826,610 common shares issued and outstanding of the Company not held by insiders on January 18, 2022. On that date, 701,740,872 CN common shares were issued and outstanding. Ghislain Houle, CN executive vice-president and chie
- CN Delivers Outstanding Fourth Quarter ResultsResults show progress against Strategic Plan and confirm value of long-termcapital investments for a resilient and modern railroad MONTREAL, Jan. 25, 2022 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today reported its financial and operating results for the fourth quarter and year ended December 31, 2021. CN delivered solid operating and financial performance across the board, with adjusted diluted earnings per share (EPS) growing 20 per cent in the fourth quarter to C$1.71, and adjusted operating ratio improving to a fourth quarter record of 57.9 per cent. (1) For the same period, the Company reported diluted EPS growth of 18 per cent to C$1.69, while operating ratio improved to 58.3 per
- CN Delivers Solid Third Quarter Results and Reaffirms 2021 OutlookOn track to achieve Strategic Plan 2022 targets with operating performance improvements and cost initiatives well underway MONTREAL, Oct. 19, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR, NYSE:CNI) today reported its financial and operating results for the third quarter ended September 30, 2021, showing strong performance across nearly all key metrics, with adjusted diluted earnings per share ("EPS") of C$1.52, up 10 per cent, an adjusted operating ratio of 59.0 per cent, an improvement of 90 basis points, and revenues of C$3.6 billion, up five per cent over the third quarter of 2020. For the same period, the Company reported a 72 per cent year-over-year increase in diluted EPS to C$2.37 and an o
- CN Declares Fourth-Quarter 2021 DividendMONTREAL, Oct. 19, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a fourth-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents (C$0.6150) per common share will be paid on December 30, 2021, to shareholders of record at the close of business on December 9, 2021. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only r
- Kansas City Southern Terminates Canadian National Railway Merger Agreement and Is Entering Into Merger Agreement with Canadian Pacific RailwayKansas City Southern (NYSE:KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP") on September 12, 2021 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian National Railway Company (TSX:CNR, NYSE:CNI) ("CN"). KCS also announced that it entered into a waiver letter agreement today with CN under which CN agreed to waive the five-business day match period under the CN merger agreement and KCS agreed to terminate the CN merger agreement today.
- CN Declares Third-Quarter 2021 DividendMONTREAL, July 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a third-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents (C$0.6150) per common share will be paid on September 29, 2021, to shareholders of record at the close of business on September 8, 2021. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only ra
- CN Reports Strong Second Quarter ResultsBroad economic recovery and solid operating performance reinforce confidence heading into the second half of 2021 MONTREAL, July 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR, NYSE:CNI) today reported its financial and operating results for the second quarter ended June 30, 2021, highlighting a 13 per cent increase in revenue ton miles (RTMs) year-over-year and volume growth in virtually every business unit, with notable strength in industrial products, international and domestic intermodal, and propane. "CN continued to deliver strong operating and financial performance in the second quarter, driven in large part by the dedication of our people and the ongoing long-term investments we are ma
- CN and KCS Emphasize Compelling Case for Pro-Competitive Combination in STB Filing, Now Awaiting Final Ruling on Voting TrustCN-KCS STB filing meets the unlawful control and public interest tests of the STB CN and KCS note overwhelming support for voting trust and pro-competitive combination from more than 30 elected officials, including Congressmen Sam Graves and Bennie Thompson At end of comment period, 1,752 letters of support were filed with the STB, including more than 1,000 letters of support for the voting trust MONTREAL and KANSAS CITY, Mo., July 07, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR, NYSE:CNI) and Kansas City Southern (NYSE:KSU) ("KCS") yesterday made a joint submission to the Surface Transportation Board ("STB") that explains why the STB should approve CN's voting trust structure, which is a crit
- CN to Combine With Kansas City SouthernCN and KCS enter into a definitive merger agreement to create the premier railway for the 21st century, bring together highly complementary networks to benefit customers and enhance competition Anticipated to be accretive to CN's Adjusted Diluted EPS1 in the first full year following CN assuming control of KCS Expected EBITDA synergies approaching $1 billion annually, with a significant proportion expected from converting truck traffic from busy interstates and highways for better fuel efficiency at a lower cost CN (TSX:CNR) (NYSE:CNI) and Kansas City Southern (NYSE:KSU) ("KCS") today announced that they have entered into a definitive merger agreement to create the premier railway for th
- CN Declares Second-Quarter 2021 DividendMONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a second-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents (C$0.6150) per common share will be paid on June 30, 2021, to shareholders of record at the close of business on June 9, 2021. About CN CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only rail
- CN First Quarter Results Demonstrate Continued Economic RecoveryRecord Intermodal Traffic and Shipments of Canadian GrainPositioned to Drive Long-Term USMCA Growth as Economy ReboundsCN Now Targeting Double-Digit Adjusted Diluted EPS Growth(1) MONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced solid results in the first quarter of 2021, including an industry-leading increase in traffic volume of five per cent year-over-year. The Company updated its 2021 financial outlook and is now targeting double-digit adjusted diluted earnings per share growth(1). "Industry-outpacing growth in our intermodal business, as well as our strong financial performance, position CN to be the premier railway of the 21st century: an engine
- Kansas City Southern Board of Directors Determines Proposal from Canadian National Railway Could Reasonably Be Expected to Lead to a "Superior Proposal"Kansas City Southern to Begin Discussions with Canadian National Railway Kansas City Southern (NYSE:KSU) ("KCS") today announced that its Board of Directors has unanimously determined, after consultation with the Company's outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX:CNR, NYSE:CNI) ("CN") on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a "Company Superior Proposal" as defined in KCS's merger agreement with Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP"). KCS intends to provide CN with nonpublic information and to engage i
- Kansas City Southern Confirms Receipt of Unsolicited Proposal From Canadian National RailwayKansas City Southern (NYSE:KSU) ("KCS") today announced that it has received an unsolicited proposal from Canadian National Railway (TSX:CNR, NYSE:CNI) ("CN") to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share. On March 21, 2021, KCS announced that it had entered into a merger agreement with Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP"), pursuant to which CP agreed to acquire KCS in a stock and cash transaction valued at $275 per KCS share based on the CP and KCS closing prices on March 19, 2021. The transaction is subject to customary closing conditions including receipt of regulatory approvals and the approval of CP and KCS shareholders. The KC
- CN announces new normal course issuer bid for share repurchase and 7% dividend increaseMONTREAL, Jan. 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid (Bid) and approved a seven per cent increase in the 2021 dividend on the Company's common shares outstanding. The Bid permits CN to purchase, for cancellation, over a 12-month period up to 14 million common shares, representing 2.36 per cent of the 593,951,550 common shares issued and outstanding of the Company not held by insiders on January 18, 2021. On that date, 711,653,063 CN common shares were issued and outstanding. The Bid – starting on February 1, 2021, and ending no later than January
- Solid Quarterly Performance on Volumes Drives ResultsFluid operations and renewed demand set tone for 2021 as company reinstates guidance MONTREAL, Jan. 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce that its diluted earnings per share (EPS) grew 17 per cent, and 14 per cent on an adjusted basis in the fourth quarter, while free cash flow for the full-year 2020 reached a record of over C$3.2 billion. (1) “2020 was a year like no other and thanks to our colleagues, who are essential workers, we got through it together and kept the economy moving while setting impressive new volume records in key markets. Our operations remained very nimble in the fourth quarter as we right-sized to meet the increased demand whil