Canadian Pacific Railway Limited (TSE:CP) Files An 8-K Other Events
ITEM 8.01. Other Events.
issued a press release announcing that the Toronto Stock Exchange
(TSX) has accepted its notice to implement a normal course issuer
bid (NCIB) to purchase, for cancellation, up to 4,384,062 of the
Companys common shares or approximately 3 percent of the Companys
public float, as at May 1, 2017. The NCIB is scheduled to
commence on May 15, 2017 and is due to terminate on May 14, 2018.
quarterly dividend of $0.5625 per share, an increase of 12.5
percent to the last dividend, on the Companys outstanding common
shares. The dividend is payable on July 31, 2017 to holders of
record at the close of business on June 30, 2017.
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Exhibit No.
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Exhibit Description
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Exhibit 99.1
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Press Release dated May 10, 2017, announcing the
Companys intention to launch new share repurchase program as well as announcing an increase in its quarterly dividend. |
About Canadian Pacific Railway Limited (TSE:CP)
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulfur. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Canadian Pacific Railway Limited (TSE:CP) Recent Trading Information
Canadian Pacific Railway Limited (TSE:CP) closed its last trading session down -0.58 at 213.95 with 219,527 shares trading hands.