Canadian National Railway Co T.CNR

Alternate Symbol(s): CNI

Industrials Railroads

Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, moving grain in containers, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. It transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.

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Canadian National Railway Co > Jan 25th News…

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Comment by JayBankson Jan 25, 2022 5:07pm

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Post# 34359858

RE:RE:RE:Jan 25th News…

JayBanks wrote:

Justhalffull wrote: I think they should increase the quarterly dividend to 65 cents, but also declare a one time special dividend of 25 cents, giving some of the $900,000,000 they got as a break fee from CP/KCS. Not likely, but ............

To be fair didn't we pay $700 million for KCS to break the deal with CP, or did that not officially happen?

If so us getting the $900 million only puts us $200 million ahead, minus the costs of working on that deal.

Also we announced many large Capex projects throughout the year with rail upgrades in every province, replacements, hopper cars, ect. I think any gains we made on the break fee is eaten up by capex which is why I think that the increase will be to the lower end of the range of .65 rather than returning back to 10-20% increases seen in the past. Hopefully when all these projects announced are completed they will run leaner and we can be back to the glory days of growth in returns.

I would be pleased with a special don't get me wrong and your maths work that the $200mil/705mill shares = approx .28 cents per share gain on that deal on the simple surface, but I think it's pretty much spoken for else where...