Business Context and Reporting Period
This Form 6-K filing by Canadian Pacific Railway Limited (and Canadian Pacific Railway Company) was submitted on May 5, 2005. The report serves to disclose a corporate action regarding the declaration of a quarterly dividend to shareholders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the dividend declaration:
- New Quarterly Dividend: $0.15 Canadian per share.
- Previous Quarterly Dividend: $0.1325 Canadian per share.
- Dividend Increase: Approximately 13.2% from the prior quarter; 18% total increase since July 2004.
- Payment Date: July 25, 2005.
- Record Date: June 24, 2005.
Material Changes
The primary material change is the Board of Directors' decision to increase the quarterly dividend. This marks the second increase since July 2004, following a previous raise from $0.1275 to $0.1325 per share in October 2004.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, specific risk factors, or contingencies beyond the standard disclosure of the dividend payment schedule.
Investor Verification Checklist
- Verify the record date of June 24, 2005, to ensure eligibility for the $0.15 dividend payment.
- Confirm the payment date of July 25, 2005, for cash flow planning.
- Review the company's Form 40-F for the full fiscal year financial results, as this 6-K does not contain revenue or earnings data.
- Note that the dividend is denominated in Canadian dollars.