Investors often focus on businesses that are domiciled
within the U.S. when selecting stocks for investment.
While this does make sense given that these companies are
located in the same country that they live, it does preclude investors from
taking advantage of attractive investment opportunities in other countries.
One such example could be Canadian National Railway (CNI),
which is one of the largest equity positions in the Gates Foundation’s
portfolio. Canadian National Railway is a highly profitable company with a long
history of growing its dividend, meaning it appears to be a worthwhile
consideration for income investors. This article will examine Canadian National
Railway’s prospects as a dividend investment.
Background & Potential as a Dividend Investment
With a network of approximately 20,000 route miles, Canadian
National Railway is the largest railway operator in Canada. The company handles
more than 300 million tons of cargo each year that are worth more than $200
billion. Types of shipments include intermodal, grain, energy products, forest
products, automobiles, metals and minerals. Canadian National Railway has a
current market capitalization of almost USD$79 billion.
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