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Canadian National Railway Boosts Dividend 3% and Launches New Share Buyback Program

Story Highlights
  • Canadian National Railway approved a 3% dividend increase for 2026 and declared a first-quarter dividend of C$0.915 per share.
  • The company launched a new normal course issuer bid to repurchase up to 24 million shares between February 4, 2026 and February 3, 2027.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Canadian National Railway Boosts Dividend 3% and Launches New Share Buyback Program

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Canadian National Railway ( (TSE:CNR) ) just unveiled an update.

On January 30, 2026, Canadian National Railway announced that its board has approved a 3% increase in the 2026 dividend on its common shares and authorized a new normal course issuer bid to repurchase up to 24 million shares, or about 3.9% of its outstanding stock, over the period from February 4, 2026, to February 3, 2027. CN, which says these moves reflect strong cash flow and disciplined capital management, will conduct buybacks on the Toronto and New York stock exchanges and other eligible trading systems, potentially using discretionary transactions, automatic plans, derivatives or accelerated repurchase programs, after largely completing its prior buyback launched in January 2025. The board also declared a first-quarter 2026 dividend of C$0.915 per common share, payable March 31, 2026 to shareholders of record on March 10, 2026, underscoring the railway’s ongoing commitment to returning capital to shareholders while maintaining balance sheet strength.

The most recent analyst rating on (TSE:CNR) stock is a Hold with a C$156.00 price target. To see the full list of analyst forecasts on Canadian National Railway stock, see the TSE:CNR Stock Forecast page.

Spark’s Take on TSE:CNR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CNR is a Outperform.

Canadian National Railway’s strong financial performance and strategic adjustments in capital expenditure and productivity are significant strengths. The technical indicators show positive momentum, and the valuation is reasonable. However, macroeconomic challenges and safety concerns present risks that could impact future performance.

To see Spark’s full report on TSE:CNR stock, click here.

More about Canadian National Railway

Canadian National Railway (CN) is a major North American freight railway that transports more than 300 million tons of natural resources, manufactured products and finished goods annually across a nearly 20,000-mile rail network. The company links Canada’s East and West coasts with the U.S. Midwest and Gulf Coast, providing rail and related transportation services that support sustainable trade and the economic prosperity of the communities it serves.

Average Trading Volume: 1,435,365

Technical Sentiment Signal: Hold

Current Market Cap: C$82.29B

For a thorough assessment of CNR stock, go to TipRanks’ Stock Analysis page.

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