Second Dividend Increase of the Year

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Hi everyone today I just wanted to share with you a dividend increase I received back on January 23rd. Canadian National Railway when they released their earnings announced a 10% dividend increase.

About The Company

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America. Its network and connections to all Class I railroads provide its customers access to the three North American Free Trade Agreement nations. It carries over 300 million tons of cargo, serving exporters, importers, retailers, farmers and manufacturers. Its freight includes seven commodity representing a portfolio of goods.

(Source: RBC Direct Investing)

Income

Canadian National Railway entered my portfolio last September and this is the first raise I received from the company. I currently own 15 shares and with this raise my annual income will increase by $2.52.

 

Thanks for reading and congrats to my fellow shareholders on the raise.

Matthew

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2 thoughts on “Second Dividend Increase of the Year

  1. Always nice to get a raise! Union Pacific (UNP) just offered up a surprise raise this week, too – nearly 10%. I guess the railroad stocks are sharing the wealth.

    Liked by 1 person

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