Sunday, January 25, 2009 1:27:06 PM
by: The Moneygardener January 25, 2009
Canadian National Railway (CNI) reported their latest quarterly results this past week and hiked their dividend by 10%. Any dividend hike, especially in these 'tough economic times' usually gets my attention. Let's have a look at the quarter for the economically sensitive railway.
Positive
Hiked dividend by 10%
Earnings on a comparable basis were up about 24%
Revenues were up 13%
Results beat analyst expectations
Falling $CAD caused US earnings to inflate
Lagging fuel surcharges helped, given lower fuel costs
Negative
Volume was down 9.8%
Much of the earnings gain was attributed to the falling $CAD and the lagging fuel surcharges
Recent CNI News
- Ghislain Houle, Executive Vice-President and Chief Financial Officer to Address Morgan Stanley’s 12th Annual Laguna Conference on September 11 • GlobeNewswire Inc. • 09/03/2024 01:00:00 PM
- IBM Closes China Research Division, Uber Fined $324M, Starliner to Return Without Astronauts • IH Market News • 08/26/2024 12:58:21 PM
- CN Receives Order of Binding Arbitration • GlobeNewswire Inc. • 08/24/2024 11:13:20 PM
- Teamsters Serve CN with a Strike Notice • GlobeNewswire Inc. • 08/23/2024 05:30:00 PM
- Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1% • IH Market News • 08/23/2024 12:20:26 PM
- CN Ends Lock Out and Initiates Recovery Plan • GlobeNewswire Inc. • 08/22/2024 10:36:11 PM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- CN Moves Forward with Lock Out • GlobeNewswire Inc. • 08/22/2024 04:05:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/20/2024 01:43:36 PM
- FuboTV Soars 12% After Venu Sports Block, Goldman Sachs Lowers U.S. Recession Odds, BHP Ends Chile Strike • IH Market News • 08/19/2024 09:28:19 AM
- CN Issues Lockout Notice to Teamsters • GlobeNewswire Inc. • 08/19/2024 12:05:00 AM
- CN Asks Federal Government to Order Binding Arbitration to Protect Canada’s Economy • GlobeNewswire Inc. • 08/09/2024 09:30:00 PM
- 2024-2025 CN Grain Plan Builds on Strong Performance • GlobeNewswire Inc. • 07/31/2024 12:41:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/25/2024 11:00:35 AM
- CN and Hockey Helps the Homeless Announce Three-Year Partnership to Support Vulnerable Canadians • GlobeNewswire Inc. • 07/24/2024 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 08:16:02 PM
- CN Declares Third-Quarter 2024 Dividend • GlobeNewswire Inc. • 07/23/2024 08:06:00 PM
- CN Announces Second Quarter Results • GlobeNewswire Inc. • 07/23/2024 08:05:00 PM
- CN to Report Second-Quarter 2024 Financial and Operating Results Today • GlobeNewswire Inc. • 07/23/2024 01:00:00 PM
- CN to Report Second-Quarter 2024 Financial and Operating Results on July 23, 2024 • GlobeNewswire Inc. • 07/08/2024 01:00:00 PM
- CN Announces Net-Zero Target Approved by Science Based Targets initiative • GlobeNewswire Inc. • 07/03/2024 01:15:00 PM
- CN Formally Offers Binding Arbitration to TCRC • GlobeNewswire Inc. • 06/06/2024 04:15:00 PM
- CN Partners with Canada’s Sports Hall of Fame in Support of Indigenous Athletes and their Stories • GlobeNewswire Inc. • 06/03/2024 04:30:00 PM
- CN Launches New Firefighting Trains to Help Protect Supply Chain • GlobeNewswire Inc. • 05/29/2024 06:00:00 PM
- Tracy Robinson and Ghislain Houle to Address Bernstein’s 40th Annual Strategic Decisions Conference on May 31 • GlobeNewswire Inc. • 05/24/2024 01:00:00 PM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM