CANADIAN PACIFIC RAILWAY LIMITED DECLARES DIVIDEND

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Canadian Pacific

Dec 14, 2010, 15:24 ET

CALGARY, Dec. 14 /CNW/ - The Board of Directors of Canadian Pacific Railway Limited (TSX/NYSE: CP) today declared a quarterly dividend of twenty seven cents ($0.27) Canadian per share on the outstanding Common Shares. The dividend is payable on January 31, 2011, to holders of record at the close of business on December 31, 2010, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.

About Canadian Pacific:

Canadian Pacific (CP: TSX/NYSE) operates a North American transcontinental railroad providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

For further information: Media: Mike LoVecchio, Senior Manager - Media Relations, Tel: 778 772-9636, 24/7 Media Pager: 416 814-0948, [email protected]; Investors: Janet Weiss, Assistant Vice-President - Investor Relations, Tel: 403 319-3591, [email protected]

Organization Profile

Canadian Pacific

Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing...