Rogers Pass
For those looking for confirmation that the global economic recovery has staying power, we have come across some encouraging signs from CP On May 20, the company announced an increase in its quarterly dividend to 27 cents, from 24.75 cents, per share for shareholders of record on June 25, 2010.
The day after the news, an officer bought 1,000 shares in the public market at prices ranging from $56.01 to $56.05. On June 3, director Hartley Richardson bought 5,000 shares at prices ranging between $59.58 and $59.79.
With respect to longer term trends, over the past year officers and directors at the railway have been public market net buyers of 9,993 shares.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.