CN profit drops, but don’t worry about that trusty dividend

CN announced today that their profit dropped 10% last quarter, down to a disappointing $324 million. The company said that if it wasn’t for the ongoing strike, profits would be up 10%. But don’t worry shareholders: the company is keeping it’s stock price high by continuing it’s share buy-back program, and won’t be touching that trusty 21 cent per quarter dividend. They must be planning on a favourable decision from the federally appointed arbitrator.

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One thought on “CN profit drops, but don’t worry about that trusty dividend

  1. The fact that they would be able to generate a profit while dealing with a strike during the quarter in question really shows just how impotent the feared strike weapon has become as a result of scabs and back to work legislation.

    Shame.

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