Business Context and Reporting Period
This Form 6-K filing by Canadian Pacific Railway Limited (and Canadian Pacific Railway Company) was submitted on May 11, 2007, covering the month of May 2007. The registrant operates as a railway provider across Canada and the United States, serving over 900 communities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses exclusively on a corporate announcement regarding shareholder distributions.
Material Changes
No material changes to financial performance or operational metrics were reported in this filing. The primary event is the declaration of a quarterly dividend.
Guidance, Outlook, and Management Commentary
- Dividend Declaration: The Board of Directors declared a quarterly dividend of $0.225 Canadian per share on outstanding Common Shares.
- Payment Details: The dividend is payable on July 30, 2007, to holders of record as of the close of business on June 29, 2007.
- Tax Status: The dividend is designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
- Strategic Focus: Management emphasized a commitment to safety and fluidity, highlighting employee ingenuity and the company's role as the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.
Investor Verification Checklist
- Verify the record date (June 29, 2007) and payment date (July 30, 2007) for the $0.225 CAD dividend.
- Confirm the dividend's status as an "eligible dividend" for Canadian tax purposes.
- Review subsequent filings for the actual financial performance data (revenue, earnings) which is not included in this specific announcement.