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Canadian National Keeps Dividend Steady

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Railroad operator Canadian National Railway (NYSE: CNI  ) announced yesterday its third-quarter dividend of $0.43 Canadian per share, the same rate it's paid for the past two quarters after raising the payout 15% from $0.375 Canadian per share.

The board of directors said the quarterly dividend is payable on September 30 to holders of record at the close of business on September 9. The railroad operator has made quarterly payouts to investors since 2008. 

Canadian National Railway transports approximately $250 billion Canadian worth of goods annually on a rail network that spans Canada and middle America, and reaches from the Atlantic and Pacific oceans and south to the Gulf of Mexico.

CNI Dividend Chart

CNI Dividend data by YCharts.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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Related Tickers

8/3/2015 4:00 PM
CNI $62.04 Down -0.39 -0.62%
Canadian National… CAPS Rating: *****

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