Canadian National Railway Co T.CNR

Jan 25th News…

[JayBanks]

Is anyone else excited to see the dividend jump up likely to between .65-.70 per quarter on this upcoming announcement...

This will be my loss of dividend hike virginity with CNR, I can't wait to go to this Prom!

[Justhalffull]

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 ............

[JayBanks]

  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

[Justhalffull]

We first paid Cp $700,000,000 in break fees when the Cp/KCS deal fell through. When the CN deal crashed, we got the $700,000,000 back and then got a $700,000,000 break fee from KCS for backing out of the CN deal.  $700,000,000 US$, or about $900,000,000 Cdn was net to CN.  A 25 cent spec divy would cost CN less than $200,000,000.  Seem got to me

[JayBanks]

  Well I was wrong on this call, but I LOVE IT! My new strategy in life: be wrong for large gains. LoL