CN Makes Superior Proposal to Combine With Kansas City Southern apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Canadian Pacific Railway Limited declares dividend
News provided by
Share this article
Share this article
CALGARY, AB, April 20, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.95 per share on the outstanding Common Shares.
The dividend is payable on July 26, 2021 to holders of record at the close of business on June 25, 2021, and is an eligible dividend for purposes of the
Income Tax Act (Canada) and any similar provincial/territorial legislation.
Should CP s proposed share split be approved at the annual and special meeting of shareholders on April 21, 2021 and implemented before the dividend payment, the dividend will be adjusted to $0.19 per share to reflect the split.
Canadian Pacific Comments on Unsolicited, Anti-Competitive Proposal by Canadian National to Acquire Kansas City Southern prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
NEW YORK, April 19, 2021 /PRNewswire/ Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Kansas City Southern(NYSE: KSU) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Canadian Pacific Railway Limited. Under the terms of the merger agreement, Kansas City shareholders would receive 0.489 Canadian Pacific shares and $90.00 in cash for each Kansas City common share held.
Houston Wire & Cable Company (NASDAQ: HWCC)
concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Omni Cable, LLC for $5.30 per share.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Kansas City Southern Reports First Quarter Results
April 16, 2021 GMT
KANSAS CITY, Mo. (BUSINESS WIRE) Apr 16, 2021
Kansas City Southern (KCS) (NYSE:KSU) reported revenues of $706.0 million, a decrease of 4% from first quarter 2020. Overall, carload volumes were down 1% compared to prior year.
First Quarter 2021
First quarter revenues were $706.0 million, a decrease of 4% primarily resulting from lower volumes, lower fuel surcharge, and fluctuations in foreign currency.
First quarter operating expenses were $453.0 million. Operating income was $253.0 million and the reported operating ratio was 64.2%. First quarter net income was $153.4 million, or $1.68 per diluted share. Adjusted first quarter operating income, net income and diluted earnings per share were as follows: