Kansas City Southern completed its merger with Canadian Pacific. Kansas City common stockholders received 2,884 shares of Canadian Pacific stock and $90 for each of their shares, while preferred stockholders received $37.5 per share.

Kansas City Southern shareholders approved the merger with Canadian Pacific. Kansas City common stockholders will receive 2.884 shares of CP and $90 for each of their shares, while preferred stockholders will receive $37.5 per share. The transaction is scheduled to close on December 14, 2021.

The Kansas City Southern Board of Directors announced a quarterly dividend of $0.54 per share. The last day to buy securities to receive the dividend is December 29, 2021. The annual dividend yield may reach 0.82%.

Kansas City Southern' GAAP loss for 9M 2021 was $68.1 million, compared to a profit of $452.8 million in the previous year. Revenue increased 13.5% to $2.2 billion from $1.939 billion a year earlier.