Canadian Pacific Railway Stock To Go Ex-dividend Tomorrow (CP) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

Canadian Pacific Railway

(NYSE:

CP

) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $84.47 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Canadian Pacific Railway has been 511,600 shares per day over the past 30 days. Canadian Pacific Railway has a market cap of $14.11 billion and is part of the

services

sector and

transportation

industry. Shares are up 21.3% year to date as of the close of trading on Monday.

Canadian Pacific Railway Limited, through its subsidiaries, operates as a transcontinental railway providing freight transportation services, logistics solutions, and supply chain expertise in Canada and the United States. The company has a P/E ratio of 21.9, above the average transportation industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Canadian Pacific Railway as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full

Canadian Pacific Railway Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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