Canadian Pacific dividend raise

Canadian Railway, Canadian Pacific (CP) has raised their dividend for the first time since early 2008. The increase was from $0.2475 to $0.27 per share, representing a hike of 9%. The stock yields about 1.9% on todays closing price.

Another increase for our portfolio; that's two in one week! I really like CP as an investment long term as China reaches for Canadian resources.