May 20, 2010 / 9:31 PM / 8 years ago

UPDATE 1-Canadian Pacific raises dividend 9 pct

* Raises div to C$0.27 from C$0.2475

* Raises capital budget by C$70 mln

May 20 (Reuters) - Canadian Pacific Railway Ltd (CP.TO) said it raised its quarterly dividend by 9 percent and increased its 2010 capital spending budget by C$70 million ($65.7 million).

Canada’s second biggest railway raised its dividend to 27 Canadian cents a share, from 24.75 Canadian cents a share, payable on July 26, to shareholders of record July 25.

The company said its 2010 capital spending budget now ranges between $750 million to $800 million.

Shares of the company closed at C$54.80 Thursday on the Toronto Stock Exchange. ($1=1.066 Canadian dollar) (Reporting by Aftab Ahmed in Bangalore; Editing by Unnikrishnan Nair) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below