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NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Pacific Railway (NYSE: CP) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $78.26 as of 3:59 p.m. ET, the dividend yield is 1.6%. The average volume for Canadian Pacific Railway has been 920,900 shares per day over the past 30 days. Canadian Pacific Railway has a market cap of $11.84 billion and is part of the services sector and transportation industry. Shares are up 17.8% 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 23.7, above the average transportation industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.