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CP declares quarterly dividend

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Dry Bulk,

The Board of Directors of Canadian Pacific Railway Limited has declared a quarterly dividend of CAN$0.65 per share on the outstanding common shares.

The dividend is payable on 29 October 2018 to holders of record at the close of business on 28 September 2018, and is an ‘eligible’ dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

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