Published on 1 Mar 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In Canadian National Railway Company (TSE:CNR) For Its Upcoming Dividend

Readers hoping to buy Canadian National Railway Company (TSE:CNR) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Canadian National Railway's shares before the 6th of March to receive the dividend, which will be paid on the 28th of March.

The company's next dividend payment will be CA$0.845 per share, and in the last 12 months, the company paid a total of CA$3.38 per share. Based on the last year's worth of payments, Canadian National Railway stock has a trailing yield of around 1.9% on the current share price of CA$175.97. If you buy this business for its dividend, you should have an idea of whether Canadian National Railway's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

Check out our latest analysis for Canadian National Railway