Canadian Pacific Names New VP (CP)
Canadian Pacific (CP) has named a new vice president of U.S. operations, Robert Johnson, formerly of BNSF.
BNSF Railway is the second largest freight rail network in the U.S., giving Johnson a fair amount of credentials. Canadian Pacific owns over 14,000 miles of rail through out the U.S. and Canada, servicing major cities like Montreal, Vancouver, Chicago, New York City and others.
Canadian Pacific shares were down $3.74, or 3.11% at Thursday’s close. The stock is currently 14% off of its 52-week highs.
The Bottom Line
Shares of Canadian Pacific (CP) are currently yielding 1% based on Thursday’s closing price of $120.33.
Canadian Pacific (CP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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