Canadian Pacific unit 1563 at Edmonton - Date/Photographer unknown.

23 April 2012

Canadian Pacific Railway Announces Dividend Increase

Calgary Alberta - The Board of Directors of Canadian Pacific Railway Limited today declared an increase in CP's next quarterly dividend to thirty-five cents ($0.35) per share on the outstanding Common Shares, from thirty cents ($0.30) per share.
 
The increased dividend is payable on 30 Jul 2012 to holders of record at the close of business on 22 Jun 2012, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
 
"Canadian Pacific is committed to enhancing value for shareholders through profitable growth, execution of our operating plan, balanced investment, and dividend growth", said Kathryn McQuade, Executive Vice-President and Chief Financial Officer.
 
"Our Multi-Year Plan is clearly delivering record operating and service metrics with financial results and operating cash flow to fund our capital investments and increase our dividends 17 percent."