01—Abstract
Summary
Summary of the 6-K filed February 22, 2005. Cited figures are marked; the original filing is the authoritative source.
This filing is a Form 6-K (not an 8-K as the request labels it) furnished by Canadian Pacific Railway Limited, the Calgary-based railway, on February 21, 2005.
It contains a single announcement: the Board of Directors declared a quarterly dividend of C$0.1325a per Common Share. The dividend is payable April 25, 2005, to shareholders of record at the close of business on March 25, 2005. The release is routine and contains no financial results, guidance, operating data, or material corporate events such as acquisitions, debt transactions, or leadership changes.
Investors should read it as a confirmation that the board continues its regular quarterly payout, which implies an annualized dividend of roughly C$0.53b per share. The filing does not state the payout ratio, the dividend's trend relative to prior periods, or the company's capital allocation plans. For a fuller assessment, investors would need the company's concurrent or recent earnings releases, its annual report on Form 40-F, and its management discussion of cash flow and capital spending.
02—Key points
Key Highlights
- Board declared a quarterly dividend of C$0.1325 per Common Share (about C$0.53 annualized).
- Dividend payable April 25, 2005, to shareholders of record as of March 25, 2005.
- Filing is a Form 6-K (Report of Foreign Issuer) under Rule 13a-16, furnished for the month of February 2005.
- Release was issued in Calgary and listed on the TSX and NYSE under the symbol CP.
- No financial results, earnings guidance, or operating metrics are included in this filing.
- Filing incorporates by reference into Form S-8 registration statements Nos. 333-13962 and 333-13846.
03—Questions
Frequently Asked Questions
What dividend did Canadian Pacific Railway declare?
The Board of Directors declared a quarterly dividend of C$0.1325 per Common Share, which annualizes to about C$0.53 per share.
When is the dividend payable and who qualifies for it?
The dividend is payable on April 25, 2005, to holders of record at the close of business on March 25, 2005. Shareholders who held shares on the record date receive the payment.
Does this filing include financial results or guidance?
No. The filing is a short dividend announcement. It contains no earnings, revenue, margin, or forward-looking guidance, so investors should consult the company's quarterly and annual disclosures for financial performance.
Is this a material event for investors?
It is a routine event. A regular quarterly dividend signals continued board confidence in cash generation, but on its own it does not change the company's operating outlook or capital structure.
Where do the shares trade and what is the filing form type?
The shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CP. The document is a Form 6-K, the form foreign private issuers use to furnish material information, rather than a Form 8-K used by U.S. domestic filers.
04—Continue