Cidel Asset Management boosts stake in Canadian National Railway amid strong financial metrics and dividend increase.

Cidel Asset Management Inc. increased its stake in Canadian National Railway (CNI) by 5.4% in the fourth quarter, bringing its ownership to 2.7% of total investments. Despite missing earnings estimates by $0.09, the company reported a strong return on equity of 22.48% and a net margin of 26.09%. Canadian National Railway also raised its dividend to $0.6159 per share, up from $0.61. Analysts give the stock a "Moderate Buy" rating with an average target price of $124.19.

6 weeks ago
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