CN announces dividend increase, new 20M share normal course issuer bid

The company’s board of directors approved a 5% increase to CN’s (CNI) 2025 quarterly cash dividend, effective for the first quarter of 2025. In addition, the company’s board also approved a new normal course issuer bid that permits CN to purchase, for cancellation, over a 12-month period up to 20M common shares, starting on February 4 and ending no later than February 3, 2026. CN continues to manage to its adjusted debt-to-adjusted EBITDA.