Canadian National Railway Co (CNI)

[Investorman]

Canadian National Railway's Q4 - Dividend Gets Hiked Up 10%
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