Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock

Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on November 5, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on January 18, 2022 to preferred stockholders of record at the close of business on December 31, 2021.

The Board of Directors also declared a regular dividend of $0.54 per share on the outstanding KCS common stock. This dividend is payable on January 19, 2022, to common stockholders of record at the close of business on December 31, 2021.

In the event the Company’s pending merger with Canadian Pacific Railway Limited, pursuant to the merger agreement dated September 15, 2021, closes before the record dates set forth above for such dividends, such dividends will not be paid. In such event, KCS common stockholders who receive CP common stock in the merger will be eligible to receive the CP dividend payable to holders of record of CP common stock on December 31, 2021, assuming they remain record holders of CP common stock on such date.

Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.

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KCS: Ashley Thorne, 816-983-1530, [e-mail]