BRIEF-CP announces repurchase program, increases dividend by 43 pct

Wed Apr 20, 2016 8:00am EDT
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April 20 (Reuters) - Canadian Pacific Railway Ltd

* CP announces intention to launch new share repurchase program and increases dividend by 43 percent

* Canadian Pacific Railway Ltd says board of directors has authorized repurchase of up to 6.91 million of its common shares

* Board also authorized an increase to company's quarterly dividend to $0.50 per share Source text for Eikon: Further company coverage: