Canadian Pacific Railway Limited (CP) Dividend History
CP latest dividend
$0.19last dividend per share
Ex-dividend dateSep 25Friday, 2026
Payment dateOct 26Monday, 2026
The next dividend has not been announced yet.
- 1 yearsof dividend increases
- 1984paying since
- Quarterly4 payments a year
- +3.5%5-year growth a year
- 0.87%forward yield
CP dividend income calculator
- Dividend income a year
- $76
- Each payment
- $19
- Value of the shares
- $8,736
- Dividend yield
- 0.87%
At the latest close; forward annual dividend $0.76 per share, before tax.
CP dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
CP dividend safety
Payout ratio (earnings)16.1%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)36.7%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+3.5%
Slow growth · a year on average
Years of increases1
Short record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
CP yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $76.51 | 0.99% | $0.71 | 0.9% |
| 3 years ago | $70.92 | 1.07% | $1.87 | 2.6% |
| 5 years ago | $73.40 | 1.04% | $3.02 | 4.1% |
| 10 years ago | $30.69 | 2.48% | $5.27 | 17.2% |
| 20 years ago | $10.72 | 7.09% | $7.49 | 69.9% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
CP dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
CP dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.63 | +13.8% | 0.85% | 4 |
| 2024 | $0.55 | −2.8% | 0.76% | 4 |
| 2023 | $0.57 | −1.7% | 0.72% | 4 |
| 2022 | $0.58 | −4.1% | 0.77% | 4 |
| 2021 | $0.60 | +14.0% | 0.84% | 4 |
| 2020 | $0.53 | +11.2% | 0.76% | 4 |
| 2019 | $0.48 | +25.1% | 0.93% | 4 |
| 2018 | $0.38 | +12.2% | 1.07% | 4 |
| 2017 | $0.34 | +20.7% | 0.93% | 4 |
| 2016 | $0.28 | +30.0% | 0.98% | 4 |
| 2015 | $0.22 | −14.0% | 0.85% | 4 |
| 2014 | $0.25 | −6.5% | 0.65% | 4 |
| 2013 | $0.27 | −0.8% | 0.89% | 4 |
| 2012 | $0.27 | +15.6% | 1.33% | 4 |
| 2011 | $0.23 | +12.9% | 1.73% | 4 |
| 2010 | $0.21 | +17.3% | 1.60% | 4 |
| 2009 | $0.18 | −5.0% | 1.64% | 4 |
| 2008 | $0.19 | +8.7% | 2.77% | 4 |
| 2007 | $0.17 | +30.7% | 1.33% | 4 |
| 2006 | $0.13 | — | 1.24% | 4 |
CP dividend history
172 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-25 | 2026-10-26 | $0.19 | +0.5% | Quarterly |
| 2026-06-26 | 2026-07-27 | $0.189 | +14.5% | Quarterly |
| 2026-03-27 | 2026-04-27 | $0.165 | +0.5% | Quarterly |
| 2025-12-31 | 2026-01-26 | $0.1641 | +0.1% | Quarterly |
| 2025-09-26 | 2025-10-27 | $0.164 | −1.8% | Quarterly |
| 2025-06-27 | 2025-07-28 | $0.167 | +25.6% | Quarterly |
| 2025-03-28 | 2025-04-28 | $0.133 | +0.8% | Quarterly |
| 2024-12-27 | 2025-01-27 | $0.132 | −6.4% | Quarterly |
| 2024-09-27 | 2024-10-28 | $0.141 | +1.4% | Quarterly |
| 2024-06-28 | 2024-07-29 | $0.139 | −0.7% | Quarterly |
| 2024-03-27 | 2024-04-29 | $0.14 | −2.8% | Quarterly |
| 2023-12-28 | 2024-01-29 | $0.144 | +2.1% | Quarterly |
| 2023-09-28 | 2023-10-30 | $0.141 | −1.4% | Quarterly |
| 2023-06-29 | 2023-07-31 | $0.143 | +2.1% | Quarterly |
| 2023-03-30 | 2023-04-24 | $0.14 | — | Quarterly |
| 2022-12-29 | 2023-01-30 | $0.14 | — | Quarterly |
Show all 172 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-29 | 2022-10-31 | $0.14 | −4.8% | Quarterly |
| 2022-06-23 | 2022-07-25 | $0.147 | −2.6% | Quarterly |
| 2022-03-24 | 2022-04-25 | $0.151 | +1.3% | Quarterly |
| 2021-12-30 | 2022-01-31 | $0.149 | — | Quarterly |
| 2021-09-23 | 2021-10-25 | $0.149 | −3.2% | Quarterly |
| 2021-06-24 | 2021-07-26 | $0.154 | +2.0% | Quarterly |
| 2021-03-25 | 2021-04-26 | $0.151 | +1.9% | Quarterly |
| 2020-12-30 | 2021-01-25 | $0.1482 | +4.4% | Quarterly |
| 2020-09-24 | 2020-10-26 | $0.142 | +16.6% | Quarterly |
| 2020-06-25 | 2020-07-27 | $0.1218 | +4.1% | Quarterly |
| 2020-03-26 | 2020-04-27 | $0.117 | −7.8% | Quarterly |
| 2019-12-26 | 2020-01-27 | $0.1269 | +1.4% | Quarterly |
| 2019-09-26 | 2019-10-28 | $0.1252 | −0.9% | Quarterly |
| 2019-06-27 | 2019-07-29 | $0.1264 | +30.3% | Quarterly |
| 2019-03-28 | 2019-04-29 | $0.097 | +1.3% | Quarterly |
| 2018-12-27 | 2019-01-28 | $0.0958 | −4.0% | Quarterly |
| 2018-09-27 | 2018-10-29 | $0.0998 | +2.5% | Quarterly |
| 2018-06-28 | 2018-07-30 | $0.0974 | +11.7% | Quarterly |
| 2018-03-22 | 2018-04-30 | $0.0872 | −1.8% | Quarterly |
| 2017-12-28 | 2018-01-29 | $0.0888 | −1.6% | Quarterly |
| 2017-09-28 | 2017-10-30 | $0.0902 | +5.9% | Quarterly |
| 2017-06-28 | 2017-07-31 | $0.0852 | +13.9% | Quarterly |
| 2017-03-29 | 2017-04-24 | $0.0748 | +1.6% | Quarterly |
| 2016-12-28 | 2017-01-30 | $0.0736 | −2.9% | Quarterly |
| 2016-09-28 | 2016-10-24 | $0.0758 | −2.8% | Quarterly |
| 2016-06-22 | 2016-07-25 | $0.078 | +46.1% | Quarterly |
| 2016-03-22 | 2016-04-25 | $0.0534 | +6.0% | Quarterly |
| 2015-12-29 | 2016-01-25 | $0.0504 | −4.5% | Quarterly |
| 2015-09-23 | 2015-10-26 | $0.0528 | −7.0% | Quarterly |
| 2015-06-24 | 2015-07-27 | $0.0568 | +1.4% | Quarterly |
| 2015-03-25 | 2015-04-27 | $0.056 | −7.0% | Quarterly |
| 2014-12-29 | 2015-01-26 | $0.0602 | −4.7% | Quarterly |
| 2014-09-24 | 2014-10-27 | $0.0632 | −3.1% | Quarterly |
| 2014-06-25 | 2014-07-28 | $0.0652 | +4.2% | Quarterly |
| 2014-03-26 | 2014-04-28 | $0.0626 | −4.9% | Quarterly |
| 2013-12-23 | 2014-01-27 | $0.0658 | −3.2% | Quarterly |
| 2013-09-25 | 2013-10-28 | $0.068 | +2.1% | Quarterly |
| 2013-06-26 | 2013-07-29 | $0.0666 | −2.6% | Quarterly |
| 2013-03-26 | 2013-04-29 | $0.0684 | −3.1% | Quarterly |
| 2012-12-26 | 2013-01-28 | $0.0706 | −1.1% | Quarterly |
| 2012-09-26 | 2012-10-29 | $0.0714 | +4.1% | Quarterly |
| 2012-06-20 | 2012-07-30 | $0.0686 | +13.6% | Quarterly |
| 2012-03-28 | 2012-04-30 | $0.0604 | +2.7% | Quarterly |
| 2011-12-28 | 2012-01-30 | $0.0588 | — | Quarterly |
| 2011-09-28 | 2011-10-31 | $0.0588 | −4.2% | Quarterly |
| 2011-06-22 | 2011-07-25 | $0.0614 | +10.8% | Quarterly |
| 2011-03-23 | 2011-04-25 | $0.0554 | +2.6% | Quarterly |
| 2010-12-29 | 2011-01-31 | $0.054 | +3.1% | Quarterly |
| 2010-09-22 | 2010-10-25 | $0.0524 | −0.8% | Quarterly |
| 2010-06-23 | 2010-07-26 | $0.0528 | +9.1% | Quarterly |
| 2010-03-24 | 2010-04-26 | $0.0484 | +2.5% | Quarterly |
| 2009-12-29 | 2010-01-25 | $0.0472 | +1.7% | Quarterly |
| 2009-09-23 | 2009-10-26 | $0.0464 | +7.9% | Quarterly |
| 2009-06-24 | 2009-07-27 | $0.043 | +6.4% | Quarterly |
| 2009-03-25 | 2009-04-27 | $0.0404 | — | Quarterly |
| 2008-12-22 | 2009-01-26 | $0.0404 | −15.8% | Quarterly |
| 2008-09-24 | 2008-10-31 | $0.048 | −1.6% | Quarterly |
| 2008-06-25 | 2008-07-28 | $0.0488 | −0.8% | Quarterly |
| 2008-03-26 | 2008-04-28 | $0.0492 | +7.7% | Quarterly |
| 2007-12-24 | 2008-01-28 | $0.0457 | +1.5% | Quarterly |
| 2007-09-26 | 2007-10-29 | $0.045 | +7.1% | Quarterly |
| 2007-06-27 | 2007-07-30 | $0.042 | +8.2% | Quarterly |
| 2007-03-28 | 2007-04-30 | $0.0388 | +19.8% | Quarterly |
| 2006-12-27 | 2007-01-29 | $0.0324 | −3.0% | Quarterly |
| 2006-09-27 | 2006-10-30 | $0.0334 | — | Quarterly |
| 2006-06-28 | 2006-07-31 | $0.0334 | +4.4% | Quarterly |
| 2006-03-29 | 2006-04-24 | $0.032 | +6.7% | Quarterly |
| 2005-12-28 | 2006-01-30 | $0.03 | — | Quarterly |
| 2005-09-28 | 2005-10-31 | $0.03 | — | Quarterly |
| 2005-06-22 | 2005-07-25 | $0.03 | +12.8% | Quarterly |
| 2005-03-22 | 2005-04-25 | $0.0266 | — | Quarterly |
| 2004-12-29 | 2005-01-31 | $0.0266 | — | Quarterly |
| 2004-09-22 | 2004-10-25 | $0.0266 | +3.9% | Quarterly |
| 2004-06-23 | 2004-07-26 | $0.0256 | — | Quarterly |
| 2004-03-24 | 2004-04-26 | $0.0256 | +34.7% | Quarterly |
| 2003-12-22 | 2004-01-26 | $0.019 | −25.8% | Quarterly |
| 2003-09-24 | 2003-10-27 | $0.0256 | — | Quarterly |
| 2003-06-25 | 2003-07-28 | $0.0256 | — | Quarterly |
| 2003-03-26 | 2003-04-28 | $0.0256 | — | Quarterly |
| 2002-12-24 | 2003-01-27 | $0.0256 | +55.7% | |
| 2002-12-23 | 2003-01-27 | $0.0164 | −35.8% | Quarterly |
| 2002-09-25 | 2002-10-28 | $0.0256 | — | Quarterly |
| 2002-06-25 | 2002-07-29 | $0.0256 | +0.8% | Quarterly |
| 2002-03-25 | 2002-04-29 | $0.0254 | −0.8% | Quarterly |
| 2001-12-24 | 2002-01-28 | $0.0256 | −8.6% | Quarterly |
| 2001-10-03 | — | $0.028 | +100.0% | |
| 2001-08-23 | — | $0.014 | — | |
| 2001-06-25 | — | $0.014 | — | |
| 2001-03-23 | — | $0.014 | — | |
| 2000-12-22 | — | $0.014 | — | |
| 2000-09-25 | — | $0.014 | — | |
| 2000-06-23 | — | $0.014 | — | |
| 2000-03-23 | — | $0.014 | — | |
| 1999-12-21 | — | $0.014 | — | |
| 1999-09-23 | — | $0.014 | — | |
| 1999-06-23 | — | $0.014 | — | |
| 1999-03-24 | — | $0.014 | — | |
| 1998-12-22 | — | $0.014 | — | |
| 1998-09-23 | — | $0.014 | — | |
| 1998-06-24 | — | $0.014 | +16.7% | |
| 1998-03-25 | — | $0.012 | — | |
| 1997-12-22 | — | $0.012 | — | |
| 1997-09-24 | — | $0.012 | — | |
| 1997-06-25 | — | $0.012 | — | |
| 1997-03-25 | — | $0.012 | — | |
| 1996-12-24 | — | $0.012 | — | |
| 1996-09-25 | — | $0.012 | — | |
| 1996-06-25 | — | $0.012 | — | |
| 1996-03-25 | — | $0.012 | — | |
| 1995-12-22 | — | $0.012 | +50.0% | |
| 1995-06-23 | — | $0.008 | — | |
| 1995-03-21 | — | $0.008 | — | |
| 1994-12-19 | — | $0.008 | — | |
| 1994-09-21 | — | $0.008 | — | |
| 1994-06-21 | — | $0.008 | — | |
| 1994-05-02 | — | $0.008 | — | |
| 1994-03-21 | — | $0.008 | — | |
| 1993-12-17 | — | $0.008 | — | |
| 1993-09-21 | — | $0.008 | — | |
| 1993-06-21 | — | $0.008 | — | |
| 1993-03-22 | — | $0.008 | — | |
| 1992-12-18 | — | $0.008 | — | |
| 1992-09-21 | — | $0.008 | — | |
| 1992-06-22 | — | $0.008 | — | |
| 1991-12-20 | — | $0.008 | −50.0% | |
| 1991-09-23 | — | $0.016 | — | |
| 1991-06-24 | — | $0.016 | −30.4% | |
| 1991-03-21 | — | $0.023 | — | |
| 1990-12-20 | — | $0.023 | — | |
| 1990-09-21 | — | $0.023 | — | |
| 1990-06-21 | — | $0.023 | — | |
| 1990-03-21 | — | $0.023 | — | |
| 1989-12-20 | — | $0.023 | — | |
| 1989-09-21 | — | $0.023 | +21.1% | |
| 1989-06-21 | — | $0.019 | — | |
| 1989-03-20 | — | $0.019 | — | |
| 1988-12-19 | — | $0.019 | — | |
| 1988-09-21 | — | $0.019 | +26.7% | |
| 1988-06-21 | — | $0.015 | — | |
| 1988-03-21 | — | $0.015 | — | |
| 1987-12-18 | — | $0.015 | — | |
| 1987-09-21 | — | $0.015 | +25.0% | |
| 1987-06-22 | — | $0.012 | — | |
| 1987-03-23 | — | $0.012 | — | |
| 1986-12-18 | — | $0.012 | — | |
| 1986-09-22 | — | $0.012 | — | |
| 1986-06-23 | — | $0.012 | — | |
| 1986-03-21 | — | $0.012 | — | |
| 1985-12-20 | — | $0.012 | — | |
| 1985-09-23 | — | $0.012 | — | |
| 1985-06-19 | — | $0.012 | +2.8% | |
| 1985-03-19 | — | $0.0117 | — | |
| 1984-12-20 | — | $0.0117 | — | |
| 1984-09-18 | — | $0.0117 | — | |
| 1984-06-20 | — | $0.0117 | — | |
| 1984-03-20 | — | $0.0117 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
CP stock split history
- 5:1May 14, 2021
- 2:1October 2, 2001
- 3:1June 10, 1985
CP dividend overview
Canadian Pacific Railway pays an annual dividend of $0.76 per share, a yield of 0.87% at the latest close, paid quarterly. It paid $0.63 per share in 2025, up 13.8% from 2024. Over five years the dividend grew 3.5% a year on average and over ten years 11.3% a year. The payout ratio is 16.1% of trailing earnings.
Related: CP cash flow statement, CP key metrics, CP chart. See the CP stock overview for the latest quote and news.
CP dividends FAQ
Does Canadian Pacific Railway pay a dividend?
Yes. Canadian Pacific Railway has paid a regular dividend since 1984, quarterly, most recently $0.19 per share with an ex-dividend date of September 25, 2026.
What is Canadian Pacific Railway's dividend yield?
Canadian Pacific Railway's forward annual dividend is $0.76 per share, a dividend yield of 0.87% at the latest close of $87.36.
How often does Canadian Pacific Railway pay dividends?
Canadian Pacific Railway pays dividends quarterly.
How fast is Canadian Pacific Railway's dividend growing?
Canadian Pacific Railway's dividend per share grew from $0.53 in 2020 to $0.63 in 2025, 3.5% a year on average over five years.
What is Canadian Pacific Railway's dividend payout ratio?
Canadian Pacific Railway pays out 16.1% of its trailing earnings as dividends and 36.7% of its free cash flow (fiscal 2025).
Has Canadian Pacific Railway split its stock?
Canadian Pacific Railway has split its stock 3 times: 5:1 on May 14, 2021, 2:1 on October 2, 2001, 3:1 on June 10, 1985. Dividends per share on this page are adjusted for splits.