Dividends

Dividends 2010

Dividends 2009

Dividends 2008

Dividend Policy

The Company has declared, and intends to continue declaring, dividends in line with its overall financial performance and cash flow generation. Decisions on dividend payout are made on an annual basis by the Board of Directors.

Dividends payable in U.S. dollars

Shareholders wishing to receive dividends in U.S. dollars may obtain detailed information by communicating with Computershare Trust Company of Canada at 1-800-564-6253.

Canadian tax information

CN's dividends are designated as eligible dividends, as provided under subsection 89(14) of the Canadian Income Tax Act and its provincial counterpart.

U.S. tax information

For the information of U.S. shareholders, CN is a "qualified foreign corporation" for U.S. federal income tax purposes and its dividends are therefore generally eligible for "qualified dividend" treatment. Whether dividends paid by CN will in fact be "qualified dividends" to any shareholder will depend on that shareholder's specific circumstances, including the shareholder's holding period for the CN shares on which such dividends are received. U.S. shareholders are advised to consult their own tax advisors concerning the treatment of dividends paid by CN as "qualified dividends" in their particular circumstances.

Dividend Payout History

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