Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: May 21, 2009
Context: The filing announces a quarterly dividend declaration by the Board of Directors. The company operates as a rail freight provider across Canada and the United States, serving over 900 communities and acting as the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the dividend declaration:
- Dividend Amount: $0.2475 Canadian per share (twenty four and three quarter cents).
- Dividend Type: Quarterly eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
- Record Date: June 26, 2009.
- Payment Date: July 27, 2009.
Material Changes
The filing does not contain comparative financial data or details regarding material changes in operations or financial position versus the prior comparable period.
Guidance, Outlook, and Management Commentary
Management Commentary: Management emphasized a commitment to being the "safest, most fluid railway in North America," attributing success to employee ingenuity and the delivery of innovative transportation solutions.
Outlook: No specific financial guidance or forward-looking projections were included in this filing.
Risks and Contingencies: No specific risks or contingencies were detailed in this announcement.
Important Facts for Investors to Verify
- Confirm the dividend payment date of July 27, 2009, and the record date of June 26, 2009.
- Verify the dividend amount of $0.2475 CAD per share against the company's historical payout trends.
- Review the company's Form 40-F or Form 20-F for comprehensive financial statements, as this Form 6-K contains only the dividend announcement.
- Assess the impact of the company's role as the official rail provider for the Vancouver 2010 Winter Games on future revenue streams.