Business Context and Reporting Period
Company: Canadian Pacific Railway Limited
Filing Type: Form 8-K (Current Report)
Date of Report: February 24, 2016
Event Date: February 23, 2016
Business Overview: A transcontinental railway operating in Canada and the United States with direct links to eight major ports, providing freight transportation, logistics, and supply chain services.
Key Financial Metrics
This filing reports a corporate action regarding shareholder returns rather than operational financial performance. No revenue, profit, cash flow, margin, debt, or liquidity metrics are disclosed in this document.
- Quarterly Dividend Declared: $0.35 Canadian per share
- Record Date: March 24, 2016
- Payment Date: April 25, 2016
- Tax Status: Designated as an "eligible" dividend under the Income Tax Act (Canada).
Material Changes
The filing does not provide comparative financial data or discuss material changes to the company's financial position versus prior periods. The sole material event is the declaration of the quarterly dividend.
Guidance, Outlook, and Risks
Management Commentary: The press release confirms the Board of Directors' declaration of the dividend but does not include forward-looking guidance, operational outlook, or specific risk factors beyond standard corporate disclosures.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.35 CAD payment.
- Confirm the record date of March 24, 2016, for shareholder eligibility.
- Review the payment date of April 25, 2016, for cash flow planning.
- Check the company's most recent 10-K or 10-Q for underlying financial performance supporting the dividend declaration.