Ex-Div Reminder For Canadian National Railway

On 9/8/20, Canadian National Railway will trade ex-dividend, for its quarterly dividend of $0.575, payable on 9/30/20. As a percentage of CNI’s recent stock price of $104.60, this dividend works out to approximately 0.55%, so look for shares of Canadian National Railway to trade 0.55% lower — all else being equal — when CNI shares open for trading on 9/8/20.

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Below is a dividend history chart for CNI, showing historical dividends prior to the most recent $0.575 declared by Canadian National Railway:

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In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CNI is likely to continue, and whether the current estimated yield of 2.20% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CNI shares, versus its 200 day moving average:

Looking at the chart above, CNI’s low point in its 52 week range is $65.13 per share, with $107.52 as the 52 week high point — that compares with a last trade of $104.56.

In Friday trading, Canadian National Railway shares are currently up about 0.9% on the day.

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