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Blog Entry# 1353740
Posted: Jan 28 2015 (15:33)
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CN Rail increases dividend by 25%, biggest hike in railway’s history
Canadian National Railway Co. announced the biggest dividend increase in its history Tuesday, signalling its confidence in the future despite slowing growth in crude-by-rail and other energy-related commodities.
“There’s uncertainty out there,” CN chief executive Claude Mongeau said on a conference call following the release of the company’s fourth-quarter results. “You read the news flow, oil prices, what’s happening in Europe, layoffs in Canada … but we believe the environment is conducive to continued growth, especially as we see the impact of...
more...
Canadian National Railway Co. announced the biggest dividend increase in its history Tuesday, signalling its confidence in the future despite slowing growth in crude-by-rail and other energy-related commodities.
“There’s uncertainty out there,” CN chief executive Claude Mongeau said on a conference call following the release of the company’s fourth-quarter results. “You read the news flow, oil prices, what’s happening in Europe, layoffs in Canada … but we believe the environment is conducive to continued growth, especially as we see the impact of...
more...