2024-01-24 15:39:48 ET
Summary
- Canadian National Railway shares have risen by 15% since my last article.
- 2023 was a tough year for railroads, but the future looks bright.
- CNI expects 10% EPS growth in 2024. Canadian National Railway also raised its dividend by 7%.
Last October, I covered Canadian National Railway Company ( CNI ) in an article that was a part of my compounder series (where I focus on the highest quality, wide moat stocks with reliable and predictable fundamental growth).
In that piece, I highlighted my recent purchases of the stock and my belief that shares were attractively valued.
In the introduction to that original article, I said:
“I'll break down why I believe that CNI shares have the potential to generate a 20% total return CAGR from here over the next several years, ultimately making this stock one of the best opportunities in the market today for dividend growth investors.”
Read the full article on Seeking Alpha
For further details see:
Canadian National Railway: A Bright Future Ahead