19 February 2008
Canadian Pacific Railway Limited Declares a 10% Dividend Increase
The Board of Directors of Canadian Pacific Railway Limited today
declared an increase of 10 percent in CP's next quarterly dividend to twenty-four and three quarter cents ($0.2475) per
share on the outstanding Common Shares, from twenty-two and one half cents ($0.225) per share.
"The dividend increase continues CP's trend of dividend growth which reflects our ability to deliver on our financial
targets," said Mike Lambert, Executive Vice President and Chief Financial Officer. "CP is confident in the strength of our
franchise, the outlook for our customers, and the solid fundamentals of the rail industry."
The $0.2475 dividend is payable on 28 Apr 2008, to holders of record at the close of business on 28 Mar 2008,
and is an eligible dividend pursuant to subsection 89(14) of the Canadian Income Tax Act.
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