MONTREAL - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 10 per cent increase in the 2018 dividend on the Company's common shares outstanding.

A quarterly dividend of forty-five and a half cents (C$0.455) per common share will be paid on March 29, 2018, to shareholders of record at the close of business on March 8, 2018.

Ghislain Houle, CN executive vice-president and chief financial officer, said: "CN grew faster than the economy and delivered strong financial results in 2017. This performance supports our long-running ability to reward shareholders with consistent dividend growth."

CN has declared annual increases to its dividend every year since privatization more than 20 years ago.