Canadian Pacific Railway Stock To Go Ex-dividend Tomorrow (CP)
The ex-dividend date for Canadian Pacific Railway (NYSE:CP) is tomorrow, June 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $117.02 as of 9:30 a.m., the dividend yield is 1.2%.
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, June 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $117.02 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Canadian Pacific Railway has been 901,900 shares per day over the past 30 days. Canadian Pacific Railway has a market cap of $20.83 billion and is part of the services sector and transportation industry. Shares are up 14.9% 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 37.7, 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, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Canadian Pacific Railway Ratings Report. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..