Canadian National Railway Company (CNI): Billionaire Ken Fisher Reloads on Rail Stock

Canadian National Railway Company (NYSE:CNI) is one of Billionaire Ken Fisher’s 15 Most Notable Moves for 2026.

Canadian National Railway Company (NYSE:CNI) has reappeared in the 13F portfolio of Fisher Asset Management after an absence of nearly seven years, barring a minor position opened and closed in 2021. Canadian National Railway was a consistent holding of the fund from late 2012 to the middle of 2018. Back then, the stake had 2.15 million shares at its peak purchased at an average price of around $63. The latest filings show that the fund holds close to 2.3 million shares in the railway firm. After opening a new position in the company in the second quarter of 2025, the fund has increased this stake by 13% and 11% in the subsequent two quarters.

Compared to peers in the transport industry, Canadian National Railway Company (NYSE:CNI) is a dividend champion. It has an unblemished record of payouts stretching back 29 years. The payouts have also registered consistent growth during this time. In late January, the company declared a CAD 0.915/share quarterly dividend, a 3.1% increase from prior dividend of CAD 0.887.

Canadian National Railway Company (NYSE:CNI) engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage.

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