1
Derived from payout historyIncome reliability
Quarterly income profile is visible
CNR.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CNR.TO
Canadian National Railway
IndustrialsPlain dividendQuarterly
Market Snapshot
$176.85
+$0.45 (25.51%)
Toronto
Yield
2.07%
Rate $3.66
Next Payment
—
Ex-date 2026-09-08
52wk Position
85.80%
-4.53% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $91.50
- APR
- 0.517
- Coverage
- 0.517
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $91.50
- Cushion
- -$85.35
- Cushion %
- -48.26%
Current $176.85Break $91.50
Smart Recommendation
CNR.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
3mo agoDRIP availability
Available
3mo agoTax character
Eligible dividend
3mo agoDistribution history
Multi-decade
3mo agoStructure complexity
Simple
3mo agoIncome trend
Growing
3mo agoAccount suitability
Non-reg: eligible div
3mo agoGrowth-to-Income Holding
CNR is a growth-focused holding with a 27+ year consecutive dividend growth record. Its current yield is typically below 2%, so income planning should focus on yield-on-cost compounding over time. Use the Portfolio Conversion Tool to project when your CNR position generates target monthly income.
Open Portfolio Conversion ToolStructure Overview
Canadian National Railway (CNR) is a transcontinental freight rail network and one of Canada's most durable dividend-growth equities. CNR has raised its eligible dividend every year for over 27 consecutive years; however, the current yield on market price is typically below 2%, classifying it as a growth-to-income holding rather than a high-current-yield source. The income thesis rests on yield-on-cost compounding over time.
Canadian Planning Notes
- 1CNR's current yield is modest; plan around the long-term yield-on-cost trajectory using the Portfolio Conversion Tool rather than current yield.
- 2Eligible dividends qualify for the dividend tax credit; DRIP is available and particularly compelling for low-yield high-growth holdings where compounding amplifies over time.
- 3As a transcontinental rail network, CNR's revenues track North American goods trade volumes; economic slowdowns can moderate earnings growth but have not historically led to dividend cuts.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
Carry this holding into a calculator
Use a planning tool that matches this holding's structure, payout timing, and income use case.
Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.