01—Abstract
Summary
Summary of the 6-K filed December 13, 2011. Cited figures are marked; the original filing is the authoritative source.
Canadian Pacific Railway Limited (CP) announced on December 13, 2011, that its Board of Directors declared a quarterly dividend of CAD $0.30a per common share.
This dividend is payable on January 30, 2012, to shareholders of record as of December 30, 2011. This filing, a Form 6-K, indicates that CP is a foreign private issuer and is furnishing this report under the Securities Exchange Act of 1934. For investors, the key takeaway is the consistent declaration of a quarterly dividend, signaling the company's financial stability and commitment to returning capital to shareholders.
While the amount is modest, it represents a regular income stream for CP's investors. The filing also reaffirms CP's identity as a North American freight transportation company focused on safety, reliability, and efficiency, aiming to position itself as a modern 21st-century entity.
02—Key points
Key Highlights
- Canadian Pacific Railway Limited declared a quarterly dividend of CAD $0.30 per common share.
- The dividend payment date is January 30, 2012.
- Shareholders of record as of December 30, 2011, will receive the dividend.
- The dividend is considered an eligible dividend under the Income Tax Act.
- The filing is a Form 6-K, indicating CP is a foreign private issuer reporting to the SEC.
- The report is incorporated by reference into existing SEC registration statements for employee stock plans.
- CP emphasizes its role as a North American transcontinental railway focused on safety, service reliability, and operational efficiency.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
This filing (specifically a Form 6-K) is primarily to announce that Canadian Pacific Railway Limited's Board of Directors has declared a quarterly dividend and to fulfill reporting requirements as a foreign private issuer to the U.S. Securities and Exchange Commission.
How much is the declared dividend and when will it be paid?
The declared quarterly dividend is CAD $0.30 per common share. It will be paid on January 30, 2012, to shareholders who are on record by the close of business on December 30, 2011.
Is there any other significant financial information in this report?
No, this particular filing is very brief and focuses solely on the declaration of the quarterly dividend. It does not contain detailed financial statements or operational updates beyond a general description of the company's business.
What does it mean that the dividend is an 'eligible dividend'?
An 'eligible dividend' typically refers to dividends that are subject to preferential tax treatment for individuals in Canada, potentially leading to a lower tax rate compared to non-eligible dividends. This designation is made under subsection 89(14) of the Income Tax Act (Canada).
04—Continue