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CN Issues Dividend, Splits Stock
MONTREAL - Jan 24/06 - SNS -- CN Rail approved a two-for-one stock split of the company's outstanding common shares outstanding, along with a 30% increase in CN's quarterly cash dividend.
The two-for-one stock split will take the form of a stock dividend. Shareholders will receive one additional common share of CN for each common share held. The stock dividend will be payable on Feb. 28, 2006, to shareholders of record at the close of business on Feb. 22, 2006.
In addition, a quarterly cash dividend of sixteen and one-quarter cents (C$0.1625) per common share post-split will be paid on March 31, 2006, to shareholders of record at the close of business on March 10, 2006.
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