Canadian National Railway
CNR.TO (TSX)
Canadian National Railway (CNI) stands out as a strong dividend growth stock within the industrial sector, recognized for its consistent performance and high volume. While it offers a dividend yield of 2.62%, investors should note recent one- and five-year returns of -4.82% and -5.28%, respectively. Analysts maintain a positive outlook, with ratings like "Buy" from Citigroup and an "Outperform" upgrade from CIBC, suggesting CNI remains a solid long-term hold for those who invested below $130.
Pros:
- Consistent dividend growth
- Strong market position
Cons:
- Recent negative returns
- High operational costs
Canadian National Railway (CNR.TO) may be suitable for long-term investors seeking a stable dividend growth stock within the industrial sector, particularly those who are comfortable with short-term volatility and have acquired shares at lower price points. While recent returns have been negative, the positive analyst outlook indicates potential for recovery, making it a consideration for those looking to hold through market fluctuations.