Ticker: CNR | Market: TSX | Price: $95.33 | Yield: 1.73% | Cap: $70.8B
Canadian National Railway, has long been a favorite holding of mine and it’s pretty darn easy to see why … these guys love to buy-back their own stock! When you own a mature, unique asset like 20,000 miles of railway track, the cash flow keeps rolling in, and these guys keep passing it on to shareholders with annual dividend hikes (just did a 10% hike in January) and nice share buy-back programs. Since the depths of the recession in 2008, CN Rail has cancelled 21% of it’s share base. This is a great Canadian company and I expect to keep riding this gravy train well into my golden years. All aboard!