01—Abstract
Summary
Summary of the 6-K filed September 6, 2012. Cited figures are marked; the original filing is the authoritative source.
This filing from Canadian Pacific Railway Limited (CP) on September 6, 2012, announces the declaration of its quarterly dividend.
The Board of Directors approved a dividend of CAD $0.35a per common share, payable on October 29, 2012, to shareholders of record as of September 28, 2012. This dividend is designated as an eligible dividend under the Canadian Income Tax Act.
This announcement provides a routine update on shareholder returns, indicating continued financial stability and commitment to returning value to its investors. While no significant operational or strategic changes are detailed, the consistent declaration of dividends is a key metric for income-focused investors evaluating the company's financial health and its ability to generate consistent cash flow.
02—Key points
Key Highlights
- Canadian Pacific Railway Limited declared a quarterly dividend of CAD $0.35 per common share.
- The dividend payment date is scheduled for October 29, 2012.
- Shareholders of record on September 28, 2012, will receive the dividend.
- The dividend is considered an eligible dividend under Canadian tax law.
- The filing is a Form 6-K, reporting a foreign private issuer's event.
- This filing does not contain significant operational or strategic disclosures beyond the dividend announcement.
03—Questions
Frequently Asked Questions
What is the amount of the dividend declared by Canadian Pacific Railway Limited?
Canadian Pacific Railway Limited declared a quarterly dividend of thirty-five cents (CAD $0.35) per common share.
When will shareholders receive this dividend payment?
The dividend is payable on October 29, 2012.
Who is eligible to receive this dividend?
Shareholders of record at the close of business on September 28, 2012, are eligible to receive the dividend.
Is this dividend subject to any specific tax designations?
Yes, the dividend is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act of Canada.
04—Continue