MONTREAL, Jan. 31, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that the Company's 2023 Annual Financial Statements, Notes thereto and Management's Discussion and Analysis, and its 2023 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the "Investors" section of its website, www.cn.ca/investors. Printed copies of CN's 2023 Annual Financial Statements, Notes thereto and Management's Discussion and Analysis will als ...

In a shareholder-friendly move, GATX Corporation (GATX) announced a hike in its dividend payout. GATX’s board of directors has announced a dividend hike of almost 5.5%, thereby raising its quarterly cash dividend from 55 cents per share to 58 cents. The raised dividend will be paid out on Mar 31, 2024, to all its shareholders of record as of Mar 1, 2024. The move reflects GATX’s intention to utilize free cash to enhance its shareholders’ returns.GATX, which has been paying regular dividends since 1919, hold ...

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures in ...

Canadian National Railway Company (CNI) reported solid fourth-quarter 2023 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. However, the solid results failed to impress investors as CNI fell 2.2% since its earnings release.Quarterly earnings per share (EPS) of $1.48 (C$3.29) (excluding 94 cents from non-recurring items) beat the Zacks Consensus Estimate of $1.46 but declined 4.5% year over year.Quarterly revenues of $3,284.4 million (C$4,471 million) surpassed the Zacks Consens ...

Investors are cautious as they eagerly wait for the Federal Reserve’s upcoming meeting, scheduled next week. Expansion in both services and manufacturing activity in January, as reported by the S&P Global’s flash U.S. Composite PMI Output Index, higher-than-expected Consumer Price Index (CPI) data, and increased retail sales for December are the major drivers for the Fed’s interest rate decision.The S&P Global’s flash U.S. Composite PMI Output Index, increased to 52.3 this month from 50.9 in December, marki ...

rlesyk Last October, I covered Canadian National Railway Company (NYSE:CNI) in an article that was a part of my compounder series (where I focus on the highest quality, wide moat stocks with reliable and predictable fundamental growth). In that piece, I highlighted my recent purchases of the stock and my belief that shares were attractively valued. In the introduction to that original article, I said: “I'll break down why I believe that CNI shares have the potential to generate a 20% total return CAGR f ...

Canadian National Railway Company (NYSE:CNI) Q4 2023 Earnings Conference Call January 23, 2024 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Doug MacDonald - Executive Vice President and Chief Marketing Officer Ghislain Houle - Executive Vice President ...

Canadian National (CNI) reported $3.28 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.8%. EPS of $1.48 for the same period compares to $1.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of +1.14%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Canadian National (CNI) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.37%. A quarter ago, it was expected that this railroad would post earnings of $1.29 per share when it actually produced earnings of $1.26, delivering a surprise of -2.33%.Over the last four quarters, the company ...

MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) announced today that its Board of Directors has approved a 7% increase in the 2024 dividend on the Company's common shares outstanding as well as the repurchase of its shares under a new normal course issuer bid (Bid). The Bid permits CN to purchase, for cancellation, over a 12-month period up to 32 million common shares, representing 5.63% of the 568,002,080 common shares issued and outstanding of the Company not held by insiders on Januar ...