other material
confidence high
sentiment positive
materiality 0.65
CPKC announces NCIB to repurchase up to 4% of shares (~37.3M shares) starting March 3, 2025
CANADIAN PACIFIC KANSAS CITY LTD/CN
- Up to 37.3M common shares (~4% of outstanding) authorized for repurchase; program runs from March 3, 2025 to March 2, 2026.
- CEO Keith Creel cites strong free cash flow and growth pipeline as confidence to reinstitute buyback.
- Purchases will be made on TSX, NYSE, and alternative trading systems; shares immediately cancelled.
- CPKC expects to enter automatic purchase plan for purchases during blackout periods.
- As of Feb 18, 2025, 933.7M shares outstanding.