Canadian National Railway Stock To Go Ex-dividend Tomorrow (CNI)

NEW YORK ( TheStreet) -- The ex-dividend date for Canadian National Railway (NYSE: CNI) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $75.86 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for Canadian National Railway has been 765,200 shares per day over the past 30 days. Canadian National Railway has a market cap of $33.16 billion and is part of the services sector and transportation industry. Shares are down 1.1% year to date as of the close of trading on Monday.

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business in North America. The company has a P/E ratio of 14.7, above the average transportation industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Canadian National Railway Ratings Report.

See our dividend calendar or top-yielding stocks list.
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