Canadian National Railway Dividends and Buybacks
Dividend criteria checks 4/6
Canadian National Railway is a dividend paying company with a current yield of 2.17% that is well covered by earnings. Next payment date is on 30th December, 2024 with an ex-dividend date of 9th December, 2024.
Key information
2.2%
Dividend yield
3.8%
Buyback Yield
| Total Shareholder Yield | 5.9% |
| Future Dividend Yield | 2.4% |
| Dividend Growth | 2.7% |
| Next dividend pay date | 30 Dec 24 |
| Ex dividend date | 09 Dec 24 |
| Dividend per share | Mex$3.380 |
| Payout ratio | 39% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CNI N's dividends per share have been stable in the past 10 years.
Growing Dividend: CNI N's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canadian National Railway Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CNI N) | 2.2% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.1% |
| Industry Average (Transportation) | 3.7% |
| Analyst forecast (CNI N) (up to 3 years) | 2.4% |
Notable Dividend: CNI N's dividend (2.17%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.63%).
High Dividend: CNI N's dividend (2.17%) is low compared to the top 25% of dividend payers in the MX market (7.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.1%), CNI N's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (59.4%), CNI N's dividend payments are covered by cash flows.