Business
CN announces 10 per cent dividend increase
CN announces 10 per cent dividend increase Canada NewsWire MONTREAL, Jan. 23, 20...
About this update from Canadian National Railway Company
[{"type":"text","content":"\n\n\n\nCN announces 10 per cent dividend increase\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Jan. 23, 2018\n\n\n\nMONTREAL, Jan. 23, 2018 /CNW/ - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 10 per cent increase in the 2018 dividend on the Company's common shares outstanding. \n\nA quarterly dividend of forty-five and a half cents (C$0.455) per common share will be paid on March 29, 2018, to shareholders of record at the close of business on March 8, 2018.\n\nGhislain Houle, CN executive vice-president and chief financial officer, said: \"CN grew faster than the economy and delivered strong financial results in 2017. This performance supports our long-running ability to reward shareholders with consistent dividend growth.\"\n\nCN has declared annual increases to its dividend every year since privatization more than 20 years ago.\n\nForward-Looking Statements Certain statements included in this news release constitute \"forward-looking statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions, and are subject to the discretion of CN's Board of Directors in respect of the declaration of dividends. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as \"believes,\" \"expects,\" \"anticipates,\" \"assumes,\" \"outlook,\" \"plans,\" \"targets,\" or other similar words. \n\nForward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Accordingly, readers are advi...