Canadian Pacific Railway Limited (CP) has announced a 5 for 1 stock split. The Ex-distribution Date is May 14, 2021. The Payable Date is May 13, 2021.

Is CP doing a stock split?

Split stocks of Canadian Pacific Railway Ltd (TSX:CP) started trading on Friday, May 14, after opening at a value of C$ 98.38 apiece against its previous close of C$ 487.27. CP Rail stock has surpassed its peers in terms of price performance in the past year.

Why did CP Rail stock split?

Keith Creel, CP's president and CEO, says the railway believes the share split will encourage greater liquidity for CP's shares by making them available to a wider group of investors. Shareholders are scheduled to vote on the proposed split on April 21.