Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock
November 05 2021 - 4:30PM
Business Wire
Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on
November 5, 2021 declared a regular dividend of $0.25 per share on
the outstanding KCS 4% non-cumulative preferred stock. The dividend
is payable on January 18, 2022 to preferred stockholders of record
at the close of business on December 31, 2021.
The Board of Directors also declared a regular dividend of $0.54
per share on the outstanding KCS common stock. This dividend is
payable on January 19, 2022, to common stockholders of record at
the close of business on December 31, 2021.
In the event the Company’s pending merger with Canadian Pacific
Railway Limited, pursuant to the merger agreement dated September
15, 2021, closes before the record dates set forth above for such
dividends, such dividends will not be paid. In such event, KCS
common stockholders who receive CP common stock in the merger will
be eligible to receive the CP dividend payable to holders of record
of CP common stock on December 31, 2021, assuming they remain
record holders of CP common stock on such date.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS)
(NYSE: KSU) 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. KCS' North American rail holdings and
strategic alliances with other North American rail partners are
primary components of a unique railway system, linking the
commercial and industrial centers of the U.S., Mexico and Canada.
More information about KCS can be found at www.kcsouthern.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211105005825/en/
KCS: Ashley Thorne, 816-983-1530,
athorne@kcsouthern.com
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