KSU - Dividend announcements

Kansas City Southern (NYSE:KSU) ("KCS") today announced the completion of its sale to Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP"). The transaction represents an enterprise value of approximately USD$31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust with Dave Starling, former KCS President and CEO, appointed as the Voting Trustee. The Voting Trust, which ensures KCS will operate independently of CP, will remain in effect until the U.S. Surface Tran

Kansas City Southern (NYSE:KSU) ("KCS") announced that the Company's stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") at today's virtual Special Meeting of Stockholders ("Special Meeting"). Of the 64.5 million shares voting at the Special Meeting, approximately 99.6% were cast in favor of the adoption of the proposed merger agreement. The transaction is expected to close on Tuesday, December 14, 2021. KCS stockholders will receive $90 in cash and 2.884 CP shares for each KCS common share held and $37.50 in cash for each KCS preferred share held. Immediately upon close, ownership of KCS will be held in a

CALGARY, AB, Dec. 8, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") today announced that its shareholders voted overwhelmingly in favour of the issuance of CP common shares to Kansas City Southern ("KCS") common stockholders in connection with the proposed CP-KCS combination. "The shareholder approvals today are a key step on our path to this once-in-a-lifetime partnership to create the first U.S.-Mexico-Canada rail network," said Keith Creel, CP President and Chief Executive Officer. "This is a transformative opportunity for CP, for KCS, and for the North American economy." CP shareholders voted on two items of business at Wednesday's special meeting of sha

CALGARY, AB and KANSAS CITY, Mo., Nov. 26, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission ("COFECE") and the Mexican Federal Telecommunications Institute ("IFT") for the previously announced proposed combination of KCS and CP.   "This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada," said Keith Creel, CP President and Chief Executive Officer. "This historic combination will add c

Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission ("COFECE") and the Mexican Federal Telecommunications Institute ("IFT") for the previously announced proposed combination of KCS and CP. "This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada," said Keith Creel, CP President and Chief Executive Officer. "This historic combination will add capacity to the U.S. rail network, create new competitive transpo

Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that the Surface Transportation Board ("STB") has accepted the joint CP-KCS merger application as complete. "We are pleased that the Board has accepted our comprehensive joint application and declared it complete," said Keith Creel, CP President and Chief Executive Officer. "We look forward to moving forward with a robust regulatory review of this historic combination that will add capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and deliver other important benefits to customers, employees, and the env

CALGARY, AB and KANSAS CITY, Mo., Nov. 23, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that the Surface Transportation Board ("STB") has accepted the joint CP-KCS merger application as complete. "We are pleased that the Board has accepted our comprehensive joint application and declared it complete," said Keith Creel, CP President and Chief Executive Officer. "We look forward to moving forward with a robust regulatory review of this historic combination that will add capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and delive

Kansas City Southern's (KCS) (NYSE:KSU) Board of Directors on November 5, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on January 18, 2022 to preferred stockholders of record at the close of business on December 31, 2021. The Board of Directors also declared a regular dividend of $0.54 per share on the outstanding KCS common stock. This dividend is payable on January 19, 2022, to common stockholders of record at the close of business on December 31, 2021. In the event the Company's pending merger with Canadian Pacific Railway Limited, pursuant to the merger agreement dated September 15, 2021, closes b

Kansas City Southern (NYSE:KSU) ("KCS") today announced that the Company has scheduled a virtual Special Meeting of Stockholders ("Special Meeting") to vote on the proposed combination with Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") on December 10, 2021 at 10 a.m. Eastern Time (9 a.m. Central Time). All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on October 14, 2021, will be entitled to vote their shares at the Special Meeting. CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstand

CALGARY, AB, Nov. 3, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") today announced that it has scheduled a virtual Special Meeting of Shareholders ("Special Meeting") on Dec. 8, 2021 at 11 a.m. ET (9 a.m. MT) for shareholders to vote on the issuance of the CP common shares to KCS stockholders in connection with the proposed business combination with Kansas City Southern ("KCS"). All shareholders of record of CP common stock as of the close of business on Nov. 1, 2021 will be entitled to vote their shares at the Special Meeting. "We are pleased to ask our shareholders to support this unique, once-in-a-lifetime partnership to create the first U.S.-Mexico-Cana

CALGARY, AB and KANSAS CITY, Mo., Oct. 29, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced they have jointly filed a railroad control application with the Surface Transportation Board ("STB") regarding the proposed transaction to create Canadian Pacific Kansas City ("CPKC"), the only single-line railroad linking the United States, Mexico and Canada. "We are excited to file our joint application for this unique, pro-competitive combination and once-in-a-lifetime partnership," said Keith Creel, CP President and Chief Executive Officer. "CPKC is an extraordinary opportunity to inject new competition and n

Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced they have jointly filed a railroad control application with the Surface Transportation Board ("STB") regarding the proposed transaction to create Canadian Pacific Kansas City ("CPKC"), the only single-line railroad linking the United States, Mexico and Canada. "We are excited to file our joint application for this unique, pro-competitive combination and once-in-a-lifetime partnership," said Keith Creel, CP President and Chief Executive Officer. "CPKC is an extraordinary opportunity to inject new competition and new capacity into the U.S. rail network, further USMCA trade fl

Kansas City Southern (NYSE:KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP") on September 12, 2021 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian National Railway Company (TSX:CNR, NYSE:CNI) ("CN"). KCS also announced that it entered into a waiver letter agreement today with CN under which CN agreed to waive the five-business day match period under the CN merger agreement and KCS agreed to terminate the CN merger agreement today.

Kansas City Southern's (KCS) (NYSE:KSU) Board of Directors on August 10, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 5, 2021 to preferred stockholders of record at the close of business on September 13, 2021. The Board of Directors also declared a regular dividend of $0.54 per share on the outstanding KCS common stock. This dividend is payable on October 6, 2021, to common stockholders of record at the close of business on September 13, 2021. Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE:KSU) is a transportation holding company that has railroad investments in the U.S

Broad economic recovery and solid operating performance reinforce confidence heading into the second half of 2021 MONTREAL, July 20, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR, NYSE:CNI) today reported its financial and operating results for the second quarter ended June 30, 2021, highlighting a 13 per cent increase in revenue ton miles (RTMs) year-over-year and volume growth in virtually every business unit, with notable strength in industrial products, international and domestic intermodal, and propane. "CN continued to deliver strong operating and financial performance in the second quarter, driven in large part by the dedication of our people and the ongoing long-term investments we are ma

CN-KCS STB filing meets the unlawful control and public interest tests of the STB CN and KCS note overwhelming support for voting trust and pro-competitive combination from more than 30 elected officials, including Congressmen Sam Graves and Bennie Thompson At end of comment period, 1,752 letters of support were filed with the STB, including more than 1,000 letters of support for the voting trust MONTREAL and KANSAS CITY, Mo., July 07, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR, NYSE:CNI) and Kansas City Southern (NYSE:KSU) ("KCS") yesterday made a joint submission to the Surface Transportation Board ("STB") that explains why the STB should approve CN's voting trust structure, which is a crit

CN and KCS enter into a definitive merger agreement to create the premier railway for the 21st century, bring together highly complementary networks to benefit customers and enhance competition Anticipated to be accretive to CN's Adjusted Diluted EPS1 in the first full year following CN assuming control of KCS Expected EBITDA synergies approaching $1 billion annually, with a significant proportion expected from converting truck traffic from busy interstates and highways for better fuel efficiency at a lower cost CN (TSX:CNR) (NYSE:CNI) and Kansas City Southern (NYSE:KSU) ("KCS") today announced that they have entered into a definitive merger agreement to create the premier railway for th

Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 20, 2021 virtually via live audio webcast. With 89% of KCS' outstanding common and preferred stock represented in person or by proxy at the meeting, the stockholders: elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten, Antonio O. Garza, Jr., David Garza-Santos, Janet H. Kennedy, Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick J. Ottensmeyer to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2022; ratified the Audit Committee's selection of PricewaterhouseCoopers LLP as KCS' independent registered public accounting firm for the year ending December

Record Intermodal Traffic and Shipments of Canadian GrainPositioned to Drive Long-Term USMCA Growth as Economy ReboundsCN Now Targeting Double-Digit Adjusted Diluted EPS Growth(1) MONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- CN (TSX:CNR) (NYSE:CNI) today announced solid results in the first quarter of 2021, including an industry-leading increase in traffic volume of five per cent year-over-year. The Company updated its 2021 financial outlook and is now targeting double-digit adjusted diluted earnings per share growth(1). "Industry-outpacing growth in our intermodal business, as well as our strong financial performance, position CN to be the premier railway of the 21st century: an engine

Kansas City Southern to Begin Discussions with Canadian National Railway Kansas City Southern (NYSE:KSU) ("KCS") today announced that its Board of Directors has unanimously determined, after consultation with the Company's outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX:CNR, NYSE:CNI) ("CN") on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a "Company Superior Proposal" as defined in KCS's merger agreement with Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP"). KCS intends to provide CN with nonpublic information and to engage i

KCS' largest customer, Bartlett Grain, supportive of pro-competition, pro-service U.S.-Mexico-Canada combination Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that Bartlett Grain, Port of Milwaukee, Asociación Mexicana de la Industria Automotriz A.C. (AMIA) were among stakeholders that filed statements with the Surface Transportation Board ("STB") in support of the planned combination between the two companies. They join over 405 supporters across the broad spectrum of the transportation supply chain that have filed

Kansas City Southern (NYSE:KSU) ("KCS") today announced that it has received an unsolicited proposal from Canadian National Railway (TSX:CNR, NYSE:CNI) ("CN") to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share. On March 21, 2021, KCS announced that it had entered into a merger agreement with Canadian Pacific Railway Limited (TSX:CP, NYSE:CP) ("CP"), pursuant to which CP agreed to acquire KCS in a stock and cash transaction valued at $275 per KCS share based on the CP and KCS closing prices on March 19, 2021. The transaction is subject to customary closing conditions including receipt of regulatory approvals and the approval of CP and KCS shareholders. The KC

Surface Transportation Board Has All Tools Necessary for Full Public Interest Assessment, Filing Says First U.S.-Mexico-Canada Rail Network Would Create New Competition and Benefits for Customers CALGARY, AB and KANSAS CITY, Mo., April 12, 2021 /CNW/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today made a filing with the Surface Transportation Board ("STB") asserting their right to have the STB review their combination under a waiver the STB granted to KCS in 2001. The filing was made in response to objections to the application of the KCS waiver that were filed with the STB by competitors and others. The STB granted KCS, the s

Surface Transportation Board Has All Tools Necessary for Full Public Interest Assessment, Filing Says First U.S.-Mexico-Canada Rail Network Would Create New Competition and Benefits for Customers CALGARY, AB and KANSAS CITY, Mo., April 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today made a filing with the Surface Transportation Board ("STB") asserting their right to have the STB review their combination under a waiver the STB granted to KCS in 2001. The filing was made in response to objections to the application of the KCS waiver that were filed with the STB by competitors and others. The STB granted KCS

Surface Transportation Board Has All Tools Necessary for Full Public Interest Assessment, Filing Says First U.S.-Mexico-Canada Rail Network Would Create New Competition and Benefits for Customers Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today made a filing with the Surface Transportation Board ("STB") asserting their right to have the STB review their combination under a waiver the STB granted to KCS in 2001. The filing was made in response to objections to the application of the KCS waiver that were filed with the STB by competitors and others. This press release features multimedia. View the full release here: https://www.bus

 375-plus Shippers and Supporters File Letters with the Surface Transportation Board in Support of CP-KCS Combination CALGARY, AB and KANSAS CITY, Mo., April 12, 2021 /CNW/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board ("STB"), bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Doll

375-plus Shippers and Supporters File Letters with the Surface Transportation Board in Support of CP-KCS Combination Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board ("STB"), bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Dollarama, Millar Western and Full Circle Ag. This press relea

 375-plus Shippers and Supporters File Letters with the Surface Transportation Board in Support of CP-KCS Combination CALGARY, AB and KANSAS CITY, Mo., April 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) ("CP") and Kansas City Southern (NYSE:KSU) ("KCS") today announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board ("STB"), bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industrie

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS or the Company) (NYSE:KSU) announced that its Board of Directors approved at its meeting today a 23% increase in the quarterly dividend on KCS’s common stock, from $0.44 to $0.54 per share. The board declared a common stock dividend at this increased amount payable on April 7, 2021, to common stockholders of record at the close of business on March 8, 2021. The increase in the quarterly dividend on KCS’s common stock aligns with the Company’s approach to maintaining a target payout ratio in the low 20% range. This approach was communicated in a November 2020 press release as part of KCS’s updated capital allocation policy