01—Abstract
Summary
Summary of the 8-K filed February 24, 2016. Cited figures are marked; the original filing is the authoritative source.
Canadian Pacific Kansas City Ltd./CN (CP) filed an 8-K on February 24, 2016, to announce a routine corporate event: the declaration of its quarterly dividend.
The Board of Directors approved a dividend of $0.35a Canadian per common share. This action, while standard for many public companies, provides investors with clarity on the company's commitment to returning capital to shareholders.
02—Key points
Key Highlights
- Canadian Pacific's Board of Directors declared a quarterly dividend.
- The dividend amount is $0.35 Canadian per common share.
- The payment date for the dividend is April 25, 2016.
- The record date for dividend eligibility is March 24, 2016.
- This filing confirms the company's ongoing dividend policy.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to officially announce the declaration of Canadian Pacific's quarterly dividend to shareholders and the public.
How much is the quarterly dividend?
The quarterly dividend declared is $0.35 Canadian per common share.
Who is eligible to receive this dividend?
Shareholders who are holders of record at the close of business on March 24, 2016, will be eligible to receive the dividend.
When will the dividend be paid?
The dividend is scheduled to be paid on April 25, 2016.
04—Continue