2 March 2007
CPR Hikes Dividend by 20%
Canadian Pacific Railway Ltd. is raising its dividend by 20
percent and expanding its share buyback.
Canada's second-largest railway operator said Thursday its quarterly dividend will rise to 22.5 cents per share from 18.75
cents.
The new dividend, payable 30 Apr 2007, represents a yield of 1.4 percent at CPR's share price of $62.56 Thursday before the
announcement.
CPR also said its board has authorized the acquisition of up to 5.5 million common shares for cancellation this year, about 3.5 percent
of the total outstanding. Under its previous normal course issuer bid, five million shares were bought back in
2006.
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