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

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 National Railway (NYSE: CNI) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $91.29 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Canadian National Railway has been 541,800 shares per day over the past 30 days. Canadian National Railway has a market cap of $39.83 billion and is part of the services sector and transportation industry. Shares are up 16.5% year to date as of the close of trading on Friday.

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business in North America. The company has a P/E ratio of 15.6, above the average transportation industry P/E ratio of 15.4 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 revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Canadian National Railway Ratings Report.

See our dividend calendar or top-yielding stocks list.

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