CN Rail boosts dividend as Q4 profits grow

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.