CN Rail boosts div­i­dend as Q4 prof­its grow

The Guardian (Charlottetown) - - BUSINESS -

MON­TREAL — Cana­dian Na­tional Rail­way has boosted its div­i­dend by 20 per cent af­ter cap­ping a chal­leng­ing year by grow­ing prof­its 11 per cent to $941 in the fourth quar­ter. The coun­try’s largest rail­way said it earned $1.18 per share for the three months ended Dec. 31. That com­pares with $1.03 per share or $844 mil­lion a year ear­lier. Rev­enues de­creased one per cent to $3.17 bil­lion. An­a­lysts had ex­pected the rail­way to earned $885.4 mil­lion or $1.11 per share in the quar­ter.

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