Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: May 9, 2008
Reporting Period: Immediate announcement for the month of May 2008.
Business Overview: A major North American railway operating across Canada and the United States, serving over 900 communities. The company is the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.
Key Financial Metrics
This filing is a corporate announcement regarding a dividend declaration and does not contain comprehensive financial statements (e.g., revenue, profit, cash flow, debt, or liquidity ratios).
| Metric | Value |
|---|---|
| Quarterly Dividend Declared | $0.2475 Canadian per share |
| Record Date | June 27, 2008 |
| Payment Date | July 28, 2008 |
| Dividend Type | Eligible dividend (per subsection 89(14) of the Income Tax Act) |
Material Changes
The filing does not provide comparative financial data or details on material changes to operations, revenue, or expenses versus prior periods. The primary material event is the Board of Directors' declaration of a quarterly dividend.
Guidance, Outlook, and Management Commentary
Management Commentary: Management emphasizes a commitment to safety and fluidity, citing employee ingenuity as the key to delivering transportation solutions. The company highlights its role in the upcoming Vancouver 2010 Winter Games.
Guidance and Risks: The filing text does not provide specific financial guidance, outlook projections, or a detailed discussion of risks and contingencies beyond general operational commitments.
Key Facts for Investor Verification
- Verify the ex-dividend date to determine eligibility for the $0.2475 CAD per share payment.
- Confirm the dividend is classified as an "eligible dividend" for Canadian tax purposes.
- Note that this Form 6-K does not contain quarterly earnings results; investors should refer to the most recent Form 20-F or 40-F for full financial performance.
- Review the company's operational status regarding the Vancouver 2010 Olympic Games logistics.