CN announced that its Board of Directors has approved a 20% increase in the company's quarterly cash dividend. With this increase, CN's dividend on an annualized basis is CAD 1.50 per common share. A quarterly dividend of thirty-seven-and-one-half cents (CAD 0.375) per common share will be paid on March 31, 2016, to shareholders of record at the close of business on March 10, 2016.