Topic: How To Invest

Dividend Advisor Hotline – Friday, March 13, 2020

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $106.92, Toronto symbol CNR, is still a buy. CN operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. Starting with the March 31, 2020, payment, the company will raise its quarterly dividend by 7.0%. Investors will then receive $0.575 a share instead of $0.5375. The new annual rate of $2.30 yields 2.2%. CN is resuming regular operations on its rail networks in Eastern Canada and B.C. as blockades erected by First Nations protesters are removed. It will take the company several weeks to clear its backlog. The company expects the impact of the blockades will be roughly equal to the cost of the eight-day strike by its conductors and yard workers in late 2019. CN will likely report a $140 million drop in revenue as a result of the strike. To put that amount in context, its revenue totalled $14.9 billion in 2019. While…

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