(Kansas City Southern issued the following on April 14, 2010.)
KANSAS CITY, Mo. The Executive Committee of Kansas City Southerns (KCS) (NYSE: KSU) Board of Directors has declared a cash dividend of $12.8125 per share on the outstanding 5.125% Cumulative Convertible Perpetual Preferred stock. The dividends will be payable May 17, 2010 to stockholders of record at the close of business on May 3, 2010.
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern's North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
Uke holds common, which pay NO dividends. But the reason for hangin' on ta KCS was that it was very cheap at purchase. [More'n seven years ago] And now that they've bought up a couple Mexican roads...they're in a good spot ta sell, and do the 'profit-taking' dance! Can you say quadruple?
meanwhile ALL our railroads look good, at least for investors ta hang on to a while longer!
All Stocks in this Industry (Listed Alphabetically)
Symbol Company Name Last Change Chg % High Low Volume Chart ALLAY All America Latina Logistica 8.92 +0.03 +0.36 0.00 0.00 0 CNI Canadian National Railway Company 62.41 +0.81 +1.31 62.60 61.97 1,094,800 CP Canadian Pacific Railway Limited 58.69 +0.87 +1.50 59.17 58.36 322,100 CSX CSX Corp 55.46 +2.18 +4.09 55.60 53.54 8,683,600 GWR Genesee & Wyoming Inc 37.22 +0.92 +2.53 37.22 36.41 176,200 KSUPR Kansas City Southern 22.23 +1.58 +7.65 22.23 21.22 1,100 KSU Kansas City Southern 38.90 +0.67 +1.75 39.00 38.43 886,600 NSC Norfolk Southern Corp 60.13 +0.96 +1.62 60.61 59.41 3,404,000 PRRR Pioneer Railcorp 2.51 +0.01 +0.40 2.51 2.51 300 PWX Providence and Worcester Railroad Company 12.35 +0.34 +2.83 12.35 12.35 200 RA Railamerica Inc 13.21 +0.51 +4.02 13.35 12.77 346,300 UNP Union Pacific Corp 77.06 +0.86 +1.13 77.55 76.29 5,446,300
In other words...North American railroads are worth owning!
-- Edited by Uke on Thursday 15th of April 2010 01:22:54 PM
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Hmm. That address doesnt look right. It looks like the link pointing here was faulty.
