Upcoming Dividend • Jun 19
Upcoming dividend of CA$0.27 per share Eligible shareholders must have bought the stock before 26 June 2026. Payment date: 27 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.5%). Lower than average of industry peers (1.6%). Live News • Jun 17
Canadian Pacific Kansas City Stock Faces Uncertainty as Tribunal Proposal Targets Rail Work Stoppages A recent Senate committee report titled "Keep Canada Moving" proposes creating a supply-chain tribunal to address work stoppages that disrupt critical logistics, including rail.
RBC’s analysis highlights that this proposed tribunal could have meaningful implications for rail operators such as Canadian Pacific Kansas City, particularly around how labour disputes are handled.
The tribunal would aim to provide a formal mechanism to resolve supply-chain disputes, which may affect the balance of interests between rail companies, workers, and shippers depending on the final structure and powers adopted.
A framework that targets faster resolution of work stoppages could influence how Canadian Pacific Kansas City manages labour relations and operational continuity across its network.
Investors may want to watch how the proposal progresses through the legislative process and whether any eventual rules change the company’s bargaining dynamics, regulatory exposure, or risk of prolonged service disruptions. Recent Insider Transactions Derivative • Jun 09
Insider exercised options and sold CA$2.3m worth of stock On the 5th of June, James Dominic Clements exercised 42k options at a strike price of around CA$62.63 and sold these shares for an average price of CA$118 per share. This trade did not impact their existing holding. Since December 2025, James Dominic has owned 14.57k shares directly. Company insiders have collectively sold CA$101m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 08
Insider exercised options and sold CA$148k worth of stock On the 3rd of June, Maeghan Albiston exercised 4k options at a strike price of around CA$85.93 and sold these shares for an average price of CA$127 per share. This trade did not impact their existing holding. Since December 2025, Maeghan has owned 5.32k shares directly. Company insiders have collectively sold CA$100m more than they bought, via options and on-market transactions in the last 12 months. Live News • Jun 07
Canadian Pacific Kansas City Secures Key Rail Contracts for Jansen Potash Mine Exports BHPCanada Inc has finalized transportation agreements with Canadian Pacific Kansas City and Canadian National Railway to move potash from the Jansen Potash Mine to export terminals.
The new contracts are intended to support logistics and supply chain reliability for Jansen, one of Canada’s key potash developments.
The partnership is positioned to reinforce Canada’s role as a major global supplier of potash by securing long-haul rail capacity for future production.
These agreements point to a potentially meaningful long-term freight stream tied directly to potash exports, which can be an important commodity for agricultural markets worldwide.
Investors may want to watch how contract terms, volumes and the timing of the Jansen ramp-up translate into rail traffic levels and capital needs for Canadian Pacific Kansas City over the coming years. Recent Insider Transactions • May 25
Executive VP & CFO recently sold CA$4.2m worth of stock On the 22nd of May, Nadeem Velani sold around 35k shares on-market at roughly CA$120 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nadeem has been a net seller over the last 12 months, reducing personal holdings by CA$42m. Recent Insider Transactions Derivative • May 07
Executive VP & COO exercised options and sold CA$2.0m worth of stock On the 1st of May, Mark Redd exercised 45k options at a strike price of around CA$72.15 and sold these shares for an average price of CA$116 per share. This trade did not impact their existing holding. Since June 2025, Mark's direct individual holding has increased from 25.46k shares to 27.18k. Company insiders have collectively sold CA$112m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • May 01
First quarter dividend increased to CA$0.27 Dividend of CA$0.27 is 18% higher than last year. Ex-date: 26th June 2026 Payment date: 27th July 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CA$0.94 (down from CA$0.97 in 1Q 2025). Revenue: CA$3.70b (down 2.5% from 1Q 2025). Net income: CA$846.0m (down 7.0% from 1Q 2025). Profit margin: 23% (down from 24% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Announcement • Apr 30
Canadian Pacific Kansas City Limited announces Quarterly dividend, payable on July 27, 2026 Canadian Pacific Kansas City Limited announced Quarterly dividend of CAD 0.2680 per share payable on July 27, 2026, ex-date on June 26, 2026 and record date on June 26, 2026. Announcement • Apr 01
Canadian Pacific Kansas City Limited to Report Q1, 2026 Results on Apr 29, 2026 Canadian Pacific Kansas City Limited announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.23 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Canadian dividend payers (5.6%). Lower than average of industry peers (1.8%). Announcement • Mar 13
Canadian Pacific Kansas City Certifies 14 New Site Ready Rail-Served Industrial Development Locations Canadian Pacific Kansas City announced the certification of 14 new Site Ready rail-served industrial development locations, strategically positioned to accelerate North American commercial growth. These new sites across six U.S. states, three provinces in Canada and two states in Mexico, strengthen Canadian Pacific Kansas City's Room to Grow strategy, opening more than 6,600 acres of immediately developable land to prospective manufacturers, logistics operators and supply chain partners. As supply chains evolve and infrastructure demand increases, rail-served, shovel-ready locations are a competitive advantage. Canadian Pacific Kansas City's growing Site Ready roster of locations offers direct access to its tri-national network, empowering businesses to build or scale with speed and confidence, while reducing risk and operational lead time. Key features of Canadian Pacific Kansas City's Site Ready locations: Strategic Coverage: Located close to major markets, ports and distribution hubs for optimized logistics. Rapid Deployment: Sites are pre-certified for rail service. Full Lifecycle Support: Canadian Pacific Kansas City provides end-to-end expertise, from initial site selection to ongoing rail operations. Community & Economic Impact: Development drives local job creation, capital investment and lasting economic benefits. Certified in partnership with global engineering and construction leader Burns & McDonnell, these locations are tailored for versatility, scalability and long-term operational success. With 22 Site Ready locations now available across its unified Canada, U.S. and Mexico network, Canadian Pacific Kansas City is setting the standard for industrial site development and rail-enabled growth in North America. Reported Earnings • Mar 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CA$4.52 (up from CA$3.99 in FY 2024). Revenue: CA$15.1b (up 3.7% from FY 2024). Net income: CA$4.14b (up 11% from FY 2024). Profit margin: 28% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Recent Insider Transactions Derivative • Feb 20
Senior VP & Chief Risk Officer exercised options and sold CA$1.1m worth of stock On the 17th of February, Laird Pitz exercised 27k options at a strike price of around CA$72.60 and sold these shares for an average price of CA$114 per share. This trade did not impact their existing holding. Since June 2025, Laird's direct individual holding has decreased from 578.00 shares to 0. Company insiders have collectively sold CA$109m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 13
Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 29, 2026 Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 29, 2026. Recent Insider Transactions Derivative • Feb 06
Executive VP & Chief Marketing Officer exercised options and sold CA$700k worth of stock On the 30th of January, John Brooks exercised 15k options at a strike price of around CA$54.80 and sold these shares for an average price of CA$102 per share. This trade did not impact their existing holding. Since March 2025, John has owned 14.09k shares directly. Company insiders have collectively sold CA$108m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 03
Insider recently bought CA$1.3m worth of stock On the 30th of January, Marc Parent bought around 13k shares on-market at roughly CA$102 per share. This transaction increased Marc Parent's direct individual holding by 14x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$36m more in shares than they bought in the last 12 months. Declared Dividend • Jan 30
Fourth quarter dividend of CA$0.23 announced Shareholders will receive a dividend of CA$0.23. Ex-date: 27th March 2026 Payment date: 27th April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CA$4.52 (up from CA$3.99 in FY 2024). Revenue: CA$15.1b (up 3.7% from FY 2024). Net income: CA$4.14b (up 11% from FY 2024). Profit margin: 28% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Jan 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to CA$97.28. The fair value is estimated to be CA$122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Buy Or Sell Opportunity • Jan 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to CA$97.67. The fair value is estimated to be CA$122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Announcement • Dec 29
Canadian Pacific Kansas City Limited to Report Q4, 2025 Results on Jan 28, 2026 Canadian Pacific Kansas City Limited announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.23 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 26 January 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (1.8%). Recent Insider Transactions Derivative • Dec 07
Insider exercised options and sold CA$2.0m worth of stock On the 4th of December, James Dominic Clements exercised 34k options at a strike price of around CA$33.15 and sold these shares for an average price of CA$92.48 per share. This trade did not impact their existing holding. Since December 2024, James Dominic has owned 13.98k shares directly. Company insiders have collectively sold CA$104m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Nov 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to CA$99.36. The fair value is estimated to be CA$124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Declared Dividend • Oct 31
Third quarter dividend of CA$0.23 announced Shareholders will receive a dividend of CA$0.23. Ex-date: 31st December 2025 Payment date: 26th January 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: CA$1.01 (up from CA$0.90 in 3Q 2024). Revenue: CA$3.66b (up 3.2% from 3Q 2024). Net income: CA$920.0m (up 9.9% from 3Q 2024). Profit margin: 25% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Announcement • Oct 29
Canadian Pacific Kansas City Limited Declares Quarterly Dividend, Payable on January 26, 2026 The Board of Directors of Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.228 per share on the outstanding Common Shares. The dividend is payable on January 26, 2026, to holders of record at the close of business on December 31, 2025, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Announcement • Oct 01
Canadian Pacific Kansas City Limited to Report Q3, 2025 Results on Oct 29, 2025 Canadian Pacific Kansas City Limited announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Recent Insider Transactions • Sep 22
Executive VP & CFO recently sold CA$37m worth of stock On the 19th of September, Nadeem Velani sold around 351k shares on-market at roughly CA$106 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nadeem's only on-market trade for the last 12 months. Upcoming Dividend • Sep 19
Upcoming dividend of CA$0.23 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (1.9%). Recent Insider Transactions Derivative • Sep 08
CEO, President & Director exercised options and sold CA$7.8m worth of stock On the 5th of September, Keith Creel exercised 106k options at a strike price of around CA$32.31 and sold these shares for an average price of CA$106 per share. This trade did not impact their existing holding. For the year to December 2018, Keith's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Keith's direct individual holding has decreased from 97.97k shares to 97.01k. Company insiders have collectively sold CA$41m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 28
CSX Railroad's Merger Prospects Derail as BNSF and CPKC Make Clear They Aren't Interested in A Deal The prospects for additional consolidation in the rail industry derailed this week when both of CSX (CSX Corporation (NasdaqGS:CSX))'s potential partners said they weren't interested in a deal. Investors widely speculated that CSX would be an acquisition target once rumors of merger talks between Union Pacific and Norfolk Southern emerged over the summer, because of the challenge of competing against a nationwide railroad. CSX's stock nearly hit a new 52-week high last week at $37.25 before falling to $32.31 26 August 2025 after it became clear that neither BNSF (BNSF Railway Company) nor Canadian Pacific Kansas City Limited (TSX:CP) railroads is pursuing the Jacksonville, Florida-based railroad, one of the six remaining major freight railroads in North America. The Union Pacific-Norfolk Southern deal still faces a lengthy review by the U.S. Surface Transportation Board that is likely to stretch on for at least two years. When Canadian Pacific acquired Kansas City Southern two years ago in the first major rail merger in more than two decades the board also spent two years reviewing that deal. If the $85 billion megamerger of Union Pacific and Norfolk Southern does get approved that might change the calculus about whether a deal makes sense. But in the meantime, CSX and the other major freight railroads seem focused on finding ways to cooperate more to improve service without merging. Just last week, CSX and BNSF announced an agreement to deliver some shipments seamlessly coast-to-coast without handing them off. Last month, CPKC and CSX announced a similar agreement to streamline shipments between Mexico, Texas and the Southeast. CPKC CEO Keith Creel said he thinks the industry should be more focused on agreements like that and efforts to improve service on each individual railroad. “We believe that a transcontinental merger would trigger permanent restructuring of the industry and result in a disproportionately large railway whose size and scope would require others to take action,” Creel said. “This will likely result in an unnecessary wave of railway mergers that today is not the best way to support American businesses nor the public interest, and has the potential to create more issues than it solves.” Indeed, the STB adopted a high standard for rail mergers in 2001 after a series of prolonged disruptions and delayed shipments that followed major deals in the 1990s. A merger between Union Pacific and Southern Pacific in 1996 led to an extended period of snarled traffic on U.S. rails. Three years later, Conrail was divvied up by Norfolk Southern and CSX, creating serious backups in the East. On 25 August 2025, Warren Buffett, whose Berkshire Hathaway conglomerate owns BNSF, said to CNBC that he's not interested in buying another railroad even though he's sitting on more than $344 billion in cash after several years without completing a major acquisition. Buffett and the man who will take over as Berkshire CEO in January, Greg Abel, did recently meet with CSX CEO Joe Hinrichs to discuss more ways to cooperate while making it clear that Berkshire won't be bidding on CSX. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CA$1.34 (up from CA$0.97 in 2Q 2024). Revenue: CA$3.70b (up 2.7% from 2Q 2024). Net income: CA$1.23b (up 36% from 2Q 2024). Profit margin: 33% (up from 25% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 31
Canadian Pacific Kansas City Limited Declares Quarterly Dividend on Outstanding Common Shares, Payable on October 27, 2025 The Board of Directors of Canadian Pacific Kansas City Limited declared a quarterly dividend of CAD 0.228 per share on the outstanding Common Shares. The dividend is payable on October 27, 2025, to holders of record at the close of business on September 26, 2025. Announcement • Jul 03
Canadian Pacific Kansas City Limited to Report Q2, 2025 Results on Jul 30, 2025 Canadian Pacific Kansas City Limited announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of CA$0.23 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (1.9%). Recent Insider Transactions Derivative • Jun 12
Executive VP & CFO exercised options and sold CA$1.0m worth of stock On the 9th of June, Nadeem Velani exercised 24k options at a strike price of around CA$70.31 and sold these shares for an average price of CA$112 per share. This trade did not impact their existing holding. Nadeem now holds 3.38k shares directly in their own name. Company insiders have collectively sold CA$41m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 30
Executive VP & Chief Marketing Officer exercised options and sold CA$2.1m worth of stock On the 28th of May, John Brooks exercised 37k options at a strike price of around CA$56.75 and sold these shares for an average price of CA$112 per share. This trade did not impact their existing holding. Since September 2024, John's direct individual holding has increased from 13.25k shares to 14.09k. Company insiders have collectively sold CA$29m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • May 02
First quarter dividend increased to CA$0.23 Dividend of CA$0.23 is 20% higher than last year. Ex-date: 27th June 2025 Payment date: 28th July 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CA$0.97 (up from CA$0.83 in 1Q 2024). Revenue: CA$3.80b (up 7.8% from 1Q 2024). Net income: CA$910.0m (up 17% from 1Q 2024). Profit margin: 24% (up from 22% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Announcement • May 01
Canadian Pacific Kansas City Limited announces Quarterly dividend, payable on July 28, 2025 Canadian Pacific Kansas City Limited announced Quarterly dividend of CAD 0.2280 per share payable on July 28, 2025, ex-date on June 27, 2025 and record date on June 27, 2025. Announcement • Apr 09
Canadian Pacific Kansas City Limited to Report Q1, 2025 Results on Apr 30, 2025 Canadian Pacific Kansas City Limited announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Buy Or Sell Opportunity • Apr 03
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to CA$99.22. The fair value is estimated to be CA$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 04
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CA$107. The fair value is estimated to be CA$136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Mar 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CA$3.99 (down from CA$4.22 in FY 2023). Revenue: CA$14.5b (up 16% from FY 2023). Net income: CA$3.72b (down 5.3% from FY 2023). Profit margin: 26% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • Feb 17
Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 30, 2025 Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 30, 2025. Location: urldefense com v3 meetings lumiconnect com, 400 276 035 378, iww4 hpc9fxwuyzcfajwp9fi2gtfng53 jmp04jjo, Canada Recent Insider Transactions • Feb 04
Senior VP & Chief Risk Officer recently sold CA$2.1m worth of stock On the 31st of January, Laird Pitz sold around 19k shares on-market at roughly CA$114 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$3.0m more than they bought in the last 12 months. Declared Dividend • Jan 31
Fourth quarter dividend of CA$0.19 announced Dividend of CA$0.19 is the same as last year. Ex-date: 28th March 2025 Payment date: 28th April 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 29%. Reported Earnings • Jan 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CA$3.99 (down from CA$4.22 in FY 2023). Revenue: CA$14.5b (up 16% from FY 2023). Net income: CA$3.72b (down 5.3% from FY 2023). Profit margin: 26% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • Jan 30
Canadian Pacific Kansas City Limited Declares Quarterly Dividend, Payable on April 28, 2025 Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on April 28, 2025, to holders of record at the close of business on March 28, 2025. Announcement • Jan 08
Canadian Pacific Kansas City Limited to Report Q4, 2024 Results on Jan 29, 2025 Canadian Pacific Kansas City Limited announced that they will report Q4, 2024 results After-Market on Jan 29, 2025 Buy Or Sell Opportunity • Dec 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to CA$103. The fair value is estimated to be CA$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Recent Insider Transactions Derivative • Dec 29
CEO, President & Director exercised options and sold CA$2.7m worth of stock On the 23rd of December, Keith Creel exercised 52k options at a strike price of around CA$53.54 and sold these shares for an average price of CA$105 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Keith has owned 96.35k shares directly. Company insiders have collectively sold CA$52m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 20
CEO, President & Director exercised options and sold CA$3.0m worth of stock On the 18th of December, Keith Creel exercised 57k options at a strike price of around CA$53.24 and sold these shares for an average price of CA$106 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Keith has owned 96.35k shares directly. Company insiders have collectively sold CA$49m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 20
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 January 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to CA$107. The fair value is estimated to be CA$134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Nov 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to CA$104. The fair value is estimated to be CA$133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Declared Dividend • Oct 29
Third quarter dividend of CA$0.19 announced Dividend of CA$0.19 is the same as last year. Ex-date: 27th December 2024 Payment date: 27th January 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 34%. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.90 (up from CA$0.84 in 3Q 2023). Revenue: CA$3.55b (up 6.3% from 3Q 2023). Net income: CA$837.0m (up 7.3% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 23
Canadian Pacific Kansas City Limited Declares Quarterly Dividend, Payable on January 27, 2025 Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on January 27, 2025, to holders of record at the close of business on December 27, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Buy Or Sell Opportunity • Oct 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to CA$109. The fair value is estimated to be CA$137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Oct 18
Canadian Pacific Kansas City Limited (TSX:CP) acquired Rail line of Meridian & Bigbee Railroad, L.L.C. Canadian Pacific Kansas City Limited (TSX:CP) acquired Rail line of Meridian & Bigbee Railroad, L.L.C. on October 17, 2024. The transaction is approved by Surface Transportation Board.
Canadian Pacific Kansas City Limited (TSX:CP) completed the acquisition of Rail line of Meridian & Bigbee Railroad, L.L.C. on October 17, 2024. Buy Or Sell Opportunity • Oct 03
Now 21% undervalued Over the last 90 days, the stock has risen 1.5% to CA$111. The fair value is estimated to be CA$140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (1.6%). Announcement • Sep 18
Canadian Pacific Kansas City Limited Appoints Arturo Gutiérrez Hernández to Board of Directors, Effective on November 1, 2024 Canadian Pacific Kansas City Limited announced the appointment of Arturo Gutiérrez Hernández to the CPKC Board of Directors, effective on November 1, 2024. Mr. Gutiérrez, 58, of Monterrey, Mexico, has been the chief executive officer of Arca Continental, since January 2019. Prior to being named CEO at Arca, Mr. Gutiérrez served as deputy chief executive officer and previously held several company positions over the last 23 years, including chief operating officer, director for the Mexico Beverages Division, along with leadership positions in Human Resources, Planning and Legal. Mr. Gutiérrez holds a Law Degree from the Escuela Libre de Derecho and a Master's Degree in Law from Harvard University. Recent Insider Transactions Derivative • Sep 01
CEO, President & Director exercised options and sold CA$6.5m worth of stock On the 28th of August, Keith Creel exercised 107k options at a strike price of around CA$50.03 and sold these shares for an average price of CA$111 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Keith's direct individual holding has increased from 94.90k shares to 96.35k. Company insiders have collectively sold CA$66m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to CA$107. The fair value is estimated to be CA$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Aug 01
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: CA$0.97 (down from CA$1.42 in 2Q 2023). Revenue: CA$3.60b (up 14% from 2Q 2023). Net income: CA$905.0m (down 32% from 2Q 2023). Profit margin: 25% (down from 42% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Aug 01
Second quarter dividend of CA$0.19 announced Dividend of CA$0.19 is the same as last year. Ex-date: 27th September 2024 Payment date: 28th October 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 38%. Announcement • Jul 30
Canadian Pacific Kansas City Limited Declares Quarterly Dividend, Payable on Oct. 28, 2024 The Board of Directors of Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on Oct. 28, 2024, to holders of record at the close of business on Sept. 27, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Recent Insider Transactions Derivative • Jul 14
CEO, President & Director exercised options and sold CA$4.0m worth of stock On the 10th of July, Keith Creel exercised 60k options at a strike price of around CA$42.06 and sold these shares for an average price of CA$108 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Keith's direct individual holding has increased from 94.90k shares to 96.35k. Company insiders have collectively sold CA$63m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 10
Canadian Pacific Kansas City Limited to Report Q2, 2024 Results on Jul 30, 2024 Canadian Pacific Kansas City Limited announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Recent Insider Transactions Derivative • Jun 28
Executive VP & CFO exercised options and sold CA$1.5m worth of stock On the 24th of June, Nadeem Velani exercised 24k options at a strike price of around CA$46.33 and sold these shares for an average price of CA$109 per share. This trade did not impact their existing holding. Since December 2023, Nadeem's direct individual holding has decreased from 4.18k shares to 2.59k. Company insiders have collectively sold CA$64m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 13
CEO, President & Director exercised options and sold CA$3.8m worth of stock On the 10th of June, Keith Creel exercised 60k options at a strike price of around CA$42.06 and sold these shares for an average price of CA$105 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Keith's direct individual holding has increased from 94.90k shares to 96.35k. Company insiders have collectively sold CA$67m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 10
Executive VP exercised options and sold CA$1.4m worth of stock On the 7th of May, Jeffrey Ellis exercised 21k options at a strike price of around CA$46.33 and sold these shares for an average price of CA$111 per share. This trade did not impact their existing holding. Since June 2023, Jeffrey has owned 6.38k shares directly. Company insiders have collectively sold CA$59m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 27
Dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 28th June 2024 Payment date: 29th July 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 43%. Reported Earnings • Apr 24
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: CA$0.83 (down from CA$0.86 in 1Q 2023). Revenue: CA$3.52b (up 55% from 1Q 2023). Net income: CA$775.0m (down 3.1% from 1Q 2023). Profit margin: 22% (down from 35% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Apr 12
CEO, President & Director exercised options and sold CA$4.6m worth of stock On the 10th of April, Keith Creel exercised 60k options at a strike price of around CA$42.06 and sold these shares for an average price of CA$120 per share. This trade did not impact their existing holding. For the year to December 2017, Keith's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Keith has owned 94.90k shares directly. Company insiders have collectively sold CA$63m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 04
Canadian Pacific Kansas City Limited to Report Q1, 2024 Results on Apr 24, 2024 Canadian Pacific Kansas City Limited announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Buy Or Sell Opportunity • Mar 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to CA$120. The fair value is estimated to be CA$99.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Mar 20
Canadian Pacific Kansas City Announces Departure of John Orr as Executive Vice President and Chief Transformation Officer Canadian Pacific Kansas City announced the departure of John Orr, Executive Vice President and Chief Transformation Officer. Mr. Orr will be joining Norfolk Southern as their Chief Operating Officer. Mr. Orr was appointed Executive Vice President and Chief Transformation Officer of CPKC on April 14, 2023. Prior to this role, he served as Executive Vice President Operations for Kansas City Southern from 2021 through 2023. The role of Chief Transformation Officer will not be replaced and Mr. Orr's portfolio will be integrated into CPKC's existing operational structure. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (1.5%). Recent Insider Transactions Derivative • Mar 11
Executive VP & COO exercised options and sold CA$1.3m worth of stock On the 6th of March, Mark Redd exercised 20k options at a strike price of around CA$55.48 and sold these shares for an average price of CA$119 per share. This trade did not impact their existing holding. Since March 2023, Mark's direct individual holding has decreased from 23.31k shares to 23.11k. Company insiders have collectively sold CA$63m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Mar 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to CA$117. The fair value is estimated to be CA$97.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Recent Insider Transactions Derivative • Feb 29
Executive VP & Chief Marketing Officer exercised options and sold CA$1.8m worth of stock On the 27th of February, John Brooks exercised 28k options at a strike price of around CA$47.56 and sold these shares for an average price of CA$115 per share. This trade did not impact their existing holding. Since March 2023, John's direct individual holding has decreased from 12.67k shares to 12.54k. Company insiders have collectively sold CA$63m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 17
Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 24, 2024 Canadian Pacific Kansas City Limited, Annual General Meeting, Apr 24, 2024. Declared Dividend • Feb 01
Fourth quarter dividend of CA$0.19 announced Dividend of CA$0.19 is the same as last year. Ex-date: 27th March 2024 Payment date: 29th April 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 43%. Reported Earnings • Jan 31
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CA$4.22 (up from CA$3.78 in FY 2022). Revenue: CA$12.6b (up 42% from FY 2022). Net income: CA$3.93b (up 12% from FY 2022). Profit margin: 31% (down from 40% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Transportation industry in North America. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 30
Canadian Pacific Kansas City Limited Declares a Quarterly Dividend, Payable on April 29, 2024 The Board of Directors of Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on April 29, 2024, to holders of record at the close of business on March 28, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. 
