SmarterDividends
CP

Canadian Pacific Kansas City Limited

CP

Industrials · Railroads · Stock · quarterly payer

$90.62

Fairly valued · -10% Add to Portfolio

Forward Yield

0.84%

Annual Dividend

$0.76

Payout Ratio

22%

5-Yr Growth

3.2%

Ex-Date

Sep 25, 2026

Frequency

Quarterly

Key facts about CP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 23, 2026, Canadian Pacific Kansas City Limited (CP) has a forward dividend yield of 0.84%, based on an annual dividend of $0.76 per share and a share price of $90.62.
  • As of Oct 23, 2026, CP's dividend safety grade from SmarterDividends is B (69 out of 100), which rates the dividend as safe.
  • CP last cut its regular dividend in 2022.
  • CP's most recent ex-dividend date was Sep 25, 2026, for a dividend of $0.19 per share.
  • As of Oct 23, 2026, CP pays out 22% of its trailing 12-month earnings as dividends (its payout ratio).
  • CP's dividend has grown at an average rate of 3.2% a year over the past five years.
  • As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for CP is $81.25 per share, 10% below the $90.62 share price, so CP screens as fairly valued.
  • Canadian Pacific Kansas City Limited (CP) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "CP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/CP

Summary

As of Oct 23, 2026, Canadian Pacific Kansas City Limited (CP) yields 0.84% ($0.76 a year per share) and has a dividend safety grade of B (69/100).

Is CP a good dividend stock?

Yes, with caveats

Canadian Pacific Kansas City Limited (CP) pays a quarterly dividend yielding 0.84% ($0.76/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (22%)

Risks

  • Cut its dividend in 2022

Key Data

Dividend Yield
0.84%
Payout Ratio
22%
Annual Dividend
$0.76
5-Yr Avg Growth
3.2%
Ex-Dividend Date
Sep 25, 2026
Years of Growth
1
Frequency
quarterly
Beta
1.22
Market Cap
$79.7B
P/E Ratio
29.1
5-Yr Total Return
28%
52-Week Range
$68.42 – $96.90
Dividend Safety
B · 69/100
Ever Cut?
Yes (2022)

CP dividend changes

Canadian Pacific Kansas City Limited (CP) pays a variable dividend: across the 172 payments on record since 1984, 56 were higher than the one before and 30 lower. The latest change was up 0.5% to $0.190 per share, going ex-dividend on Sep 25, 2026.

Ex-dateChangeOld → newMove
Sep 25, 2026Higher$0.189 → $0.190+0.5%
Jun 26, 2026Higher$0.165 → $0.189+14.5%
Mar 27, 2026Higher$0.164 → $0.165+0.6%
Sep 26, 2025Lower$0.167 → $0.164−1.8%
Jun 27, 2025Higher$0.133 → $0.167+25.6%
Mar 28, 2025Higher$0.132 → $0.133+0.8%
Dec 27, 2024Lower$0.141 → $0.132−6.4%
Sep 27, 2024Higher$0.139 → $0.141+1.4%
Mar 27, 2024Lower$0.144 → $0.140−2.8%
Dec 28, 2023Higher$0.141 → $0.144+2.1%
Sep 28, 2023Lower$0.143 → $0.141−1.4%
Jun 29, 2023Higher$0.140 → $0.143+2.1%
Every CP payment →Download every raise and cut (CSV)
CP ex-dividend date & scheduleNext ex-date Sep 25, 2026 · full ex-dividend historyView →CP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CP a good dividend stock?

Yes, with caveats. Canadian Pacific Kansas City Limited (CP) pays a quarterly dividend yielding 0.84% ($0.76/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is CP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CP's fair value is about $81.25 versus a $90.62 share price — so it looks fairly valued (-10% vs. fair value).

Is CP's dividend safe?

CP has a dividend-safety grade of B (69/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is CP's fair value?

Our blended fair-value estimate for CP is about $81.25 per share, about 10% below the current $90.62 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CP a buy, hold, or sell?

We don't issue formal ratings, but on the data CP screens as "yes, with caveats" and fairly valued. Canadian Pacific Kansas City Limited (CP) pays a quarterly dividend yielding 0.84% ($0.76/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CP cut its dividend?

CP earns a dividend-safety grade of B (69/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CP pay a dividend?

Yes. Canadian Pacific Kansas City Limited pays a quarterly dividend of about $0.76 per share annually, a forward yield of roughly 0.84%.

What is CP's dividend yield?

As of Oct 23, 2026, CP's forward dividend yield is 0.84%, based on a $0.76 annual dividend and a $90.62 share price.

What is CP's dividend per share?

As of Oct 23, 2026, CP pays $0.76 per share per year, distributed on a quarterly basis.

What is CP's dividend payout ratio?

As of Oct 23, 2026, CP's payout ratio is 22% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CP grown its dividend?

As of Oct 23, 2026, CP has increased its dividend for 1 consecutive years.

When is the next CP ex-dividend date?

As of Oct 23, 2026, CP's next ex-dividend date hasn't been announced. The most recent was Sep 25, 2026, for $0.19 per share.

CP Dividend News

CP
IncreaseCP·Jun 30, 2026

Canadian Pacific Kansas City Raises Dividend 14.5% to $0.189

CPKC lifts its quarterly dividend 14.5% to $0.189 a share as merger synergies and stronger second-half growth support returns for CP investors.

Income Calculator

At $0.76 / yr per share

Per payment (quarterly)$19.00
Annual$76.00
Monthly avg$6.33

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