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The Board of Directors of Canadian Pacific Railway today declared a quarterly dividend of $0.5625 per share on the outstanding Common Shares. The dividend is payable on January 29, 2018 to holders of record at the close of business on December 29, 2017, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

Stock Yards Bancorp, parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has increased the Company's quarterly cash dividend $0.01 or 5% to $0.21 per common share. The new rate will go into effect with the next payment on December 29, 2017, to stockholders of record as of December 11, 2017.

Steel Dynamics today announced that the company's board of directors has declared a quarterly cash dividend of $0.1550 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2017, and is payable on or about January 10, 2018.

M&T Bank announced that it has declared a quarterly cash dividend of $.75 per share on its common stock. The dividend will be payable December 29, 2017 to shareholders of record at the close of business on December 1, 2017.

The Board of Directors of Old Republic International today declared a quarterly cash dividend on the common stock of 19 cents per share. This dividend is payable December 15, 2017, to shareholders of record on December 5, 2017. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 76 cents per share compared to 75 cents paid in 2016. This latest dividend increase marks the 36th consecutive year that Old Republic has boosted its cash dividend rate, and 2017 becomes the 76th year of uninterrupted cash dividend payments.

For MarketNewsVideo.com, I'm Sayoko Murase.