CN Announces Share Repurchase and Dividend Increase

MONTREAL, Jan. 30, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 3% increase in the 2026 dividend on the Company's outstanding common shares as well as the repurchase of its shares under a new normal course issuer bid (Bid).

CN (Canadian National Railway) has announced a new normal course issuer bid (NCIB) that permits the company to repurchase its own shares from the market. This stock buyback initiative is part of the company's ongoing strategy to return value to its shareholders. CN Railway emphasizes its commitment to delivering value through careful management of its resources and optimizing its capital structure.

The NCIB allows CN to purchase up to 18 million common shares within a specified timeframe, reflecting approximately 4.3% of its outstanding shares as of January 18, 2026. The decision to initiate the buyback reflects the company's confidence in its financial strength and operational performance. Share repurchases are seen by many companies as a way to manage excess cash and improve shareholder returns, which can increase earnings per share by reducing the total shares outstanding.

Additionally, CN has announced a dividend increase, marking its commitment to providing a consistent return on investment to its shareholders. Starting with the dividend declared in January 2026, the company will increase its quarterly dividend, highlighting CN's profitable operational model and growth potential. This increase in the dividend rate signals to investors that the company is financially healthy and intends to sustain its strategy of returning profit to shareholders.

With these strategic moves, CN Railway is reinforcing its position in the market as a robust and forward-thinking company committed to growth and shareholder value. The combination of share repurchases and dividend hikes showcases a balanced approach to managing capital while rewarding stakeholders. The company remains optimistic about its long-term prospects and is strategically positioning itself for continued success amid evolving market conditions.