CP increases dividend by 12.5 percent

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced  declared a quarterly dividend of $0.5625 per share, an increase of 12.5 percent to the previous dividend of $0.50 per share. The dividend is payable on July 31, 2017 to holders of record at the close of business on June 30, 2017, and is an “eligible” dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

SOURCE Canadian Pacific