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CN Share Buy-Back, Dividend
MONTREAL - Oct 27/04 - SNS - Canadian National Railway Company (CN) announced it will try to buy back 14 million shares and that it is issuing a dividend.
A quarterly dividend of CDN $0.195 on December 31, 2004, to shareholders of record at the close of business on December 10, 2004.
In the meantime, the company will try to buy back 14 million common shares between November 1, 2004 and October 31, 2005. If successful, this would account for 5% of the company's outstanding common shares of approximately 286.5 million.
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