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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:02 EDTKSUKansas City Southern raises common stock dividend to 21.5c per share
Kansas City Southern's board declared a regular dividend of 21.5c per share on the outstanding KCS common stock, which is a 10% increase from the previous quarterly dividend of 19.5c per share. This dividend is payable on April 3, to common stockholders of record at the close of business on March 11.
News For KSU From The Last 14 Days
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June 30, 2015
08:09 EDTKSURail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 22, 2015
10:14 EDTKSUKansas City Southern could yield synergies for Canadian National, says Cowen
Cowen said Canadian National (CNI) has been increasing its presence and service offerings in the U.S. Gulf coast and a merger with Kansas City Southern (KSU) could increase competitiveness and result in substantial revenue synergies. The firm said Kansas City Southern trades at a 25% premium to the rail group and any merger would involve a great amount of political risk and has no reason to believe the company is contemplating such a move.

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