01—Abstract
Summary
Summary of the 8-K filed February 15, 2017. Cited figures are marked; the original filing is the authoritative source.
Canadian Pacific Railway Limited (CP) announced a quarterly dividend of $0.50a per common share on February 14, 2017.
This dividend underscores the company's commitment to returning value to shareholders. The payment date is set for April 24, 2017, with a record date of March 31, 2017.
This filing, made on February 15, 2017, is a routine announcement for investors focused on income generation. The consistency of dividend payments is a key factor for shareholders seeking stable returns from their investments in the transportation sector.
02—Key points
Key Highlights
- Canadian Pacific Railway Limited (CP) declared a quarterly dividend of $0.50 per common share.
- The dividend is payable on April 24, 2017.
- The record date for the dividend is March 31, 2017.
- This announcement confirms the company's ongoing capital allocation strategy.
- The filing is an 8-K reporting 'Other Events' related to the dividend declaration.
- The press release announcing the dividend is attached as Exhibit 99.1.
03—Questions
Frequently Asked Questions
What is the amount of the quarterly dividend declared by Canadian Pacific?
The Board of Directors declared a quarterly dividend of $0.50 per outstanding common share.
When will the dividend be paid?
The dividend is payable on April 24, 2017.
Who is eligible to receive this dividend?
Holders of the Company's common shares of record at the close of business on March 31, 2017, are eligible to receive the dividend.
What type of event does this 8-K filing report?
This 8-K filing reports 'Other Events,' specifically the declaration of a quarterly dividend.
04—Continue