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

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.

TheStreet Ratings rates Canadian Pacific Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Canadian Pacific Railway Ratings Report.

See our dividend calendar or top-yielding stocks list.
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