Key Developments: Canadian Pacific Railway Ltd (CP)
133.84USD
24 May 2013
$0.97 (+0.73%)
$132.87
$131.84
$133.97
$131.60
518,200
886,365
$139.99
$68.69
Latest Key Developments (Source: Significant Developments)
Canadian Pacific Railway Ltd Declares Dividend
Canadian Pacific Railway Ltd announced that it has declared a quarterly dividend of $0.35 Canadian per share on the outstanding Common Shares. The dividend is payable on July 29, 2013 to holders of record at the close of business on June 28, 2013, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Full Article
Canadian Pacific Railway Ltd Reaffirms FY 2013 Guidance-Conference Call
Canadian Pacific Railway Ltd reaffirmed its fiscal 2013 guidance and expects to increase EPS by an excess of 40% off fiscal 2012 EPS adjusted base of CAD4.34 and to realize high single-digit growth in revenues based on market opportunities. The Company reported revenue of CAD5.695 billion and EPS of CAD4.30 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of CAD6.194 billion and EPS of CAD6.24 for fiscal 2013. Full Article
Canadian Pacific Railway Ltd Declares Dividend
Canadian Pacific Railway Ltd announced that it has declared a quarterly dividend of $0.35 Canadian per share on the outstanding Common Shares. The dividend is payable on April 29, 2013to holders of record at the close of business on March 28, 2013, Full Article
Canadian Pacific Railway Ltd Revises FY 2013 Guidance-Conference Call
Canadian Pacific Railway Ltd announced that it is starting fiscal 2013 well. The Company is targeting to increase EPS by an excess of 40% off fiscal 2012 EPS adjusted base of CAD4.34 and to realize high single-digit growth in revenues based on market opportunities and a continued approach to pricing. The Company reported revenue of CAD5.695 billion and EPS of CAD4.30 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of CAD6.174 billion and EPS of CAD6.10 for fiscal 2013. Full Article
Canadian Pacific Railway Ltd Announces Management Changes
Canadian Pacific Railway Ltd announced that the appointment of Keith Creel as president and chief operating officer effective February 5, 2013. E. Hunter Harrison will remain chief executive officer (CEO) of the Company. Full Article
Canadian Pacific Railway Ltd Comments On Q1 2013 Revenue Guidance; Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates-Conference Call
Canadian Pacific Railway Ltd announced that for first quarter of 2013, it expects revenue growth coming above that in the mid- to high-single-digit range. For fiscal 2013, it revenue growth to be in the high-single-digits and earnings per share (EPS) to be in excess of 40% over normalized 2012. The Company reported revenue of CDN$5.695 billion and EPS of CDN$4.30 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of CDN$1.47 billion for first quarter of 2013; revenue of CDN$6.13 billion and EPS of CDN$6.08 for fiscal 2013. Full Article
Canadian Pacific Railway Ltd To Slash 4,500 Jobs-Reuters
Reuters reported that Canadian Pacific Railway Ltd would cut 4,500 jobs by 2016 as part of a drive by its new CEO to slash costs and improve its operating efficiency. The job reductions, announced by Chief Executive Hunter Harrison during a speech in New York, were deeper than expected. The company, which has 19,500 employees and contractors, had earlier estimated that it would cut 5% to 10% of its workforce, or about 1,950 at the most. Full Article
Canadian Pacific Railway Ltd Declares Dividend
Canadian Pacific Railway Ltd announced that it has declared a quarterly dividend of $0.35 Canadian per share on the outstanding Common Shares. The dividend is payable on January 28, 2013 to holders of record at the close of business on December 28, 2012, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Full Article
Canadian Pacific Railway Ltd Appoints Brian Grassby As CFO
Canadian Pacific Railway Ltd announced that Brian Grassby has been appointed Senior Vice-President and Chief Financial Officer (CFO) effective November 1, 2012. Kathryn McQuade has informed the Company she will retire from the role of CFO on that date. McQuade will remain as a Senior Advisor to Grassby until the end of her contract in May 2013 to ensure a successful transition. Full Article
Canadian Pacific Railway Ltd Declares Dividend
Canadian Pacific Railway Ltd announced that it has declared a quarterly dividend of $0.35 Canadian per share on the outstanding Common Shares. The dividend is payable on October 29, 2012 to holders of record at the close of business on September 28, 2012, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act. Full Article
Activist investors find allies in mutual, pension funds
NEW YORK - U.S. institutional investors, who used to shun activist investors and side with a company's management on most controversial issues, are starting to change their tune.
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