The Board of Directors of Canadian Pacific Kansas City Limited (TSX and NYSE: CP) declared a quarterly dividend of $0.228 per share on the outstanding common shares, an increase of 20% to the previous dividend of $0.19 per share. "We are pleased to announce an increase to our dividend as part of our ongoing commitment to returning cash to our shareholders and having delivered on our commitments to repay debt following the transformational combination of Canadian Pacific and Kansas City Southern into CPKC," said Keith Creel, CPKC President and Chief Executive Officer. The dividend is payable on July 28, 2025, to holders of record at close of business on June 27, 2025

Meanwhile, Badger Infrastructure Solutions Ltd. (BDGI.TO) reported first quarter Adjusted EPS was US$0.19, up 36% from 2024. The company's board of directors has approved a quarterly cash dividend of C$0.1875 per common share for the second fiscal quarter of 2025, with payment to be made on or after July 15, 2025, to all shareholders of record on June 30, 2025

"Badger had a strong start to the year as our revenue grew 7% to $172.6 million and Adjusted EBITDA increased 16% compared to last year. This shows the business' operating leverage that has resulted from our continued focus on improving margins and profitability in the seasonally slower first quarter. Despite historically adverse weather in the southern half of the U.S. in January and February, our results reflect the efforts of our sales and operations teams to overcome these challenges and continue to capture market share as the trend of ongoing demand for our services recovered in March," said Rob Blackadar, President & Chief Executive Officer.

"We are preparing for another busy construction season and year of growth in non-destructive excavation services across our end markets. Our hydrovac fleet, which we plan to grow by 4% to 7% this year, provides us with ample capacity to absorb additional demand in 2025. With our strategic initiatives to leverage pricing opportunities, the capacity in our current fleet, and our disciplined 2025 capital program, Badger is well-positioned to meet our customers' growing needs."

For its part, Champion Iron (CIA.TO) reported production results and mining operating expenditures for its financial fourth quarter ended March 31, 2025. Detailed operational and audited financial results are scheduled to be released prior to the company hosting a conference call and webcast on May 29, 2025.

Among highlights, it cited quarterly production of 3.2M wmt, record sales of 3.5M dmt and cash cost of approximately $80/dmt; reduced inventories stockpiled at Bloom Lake by 0.3M wmt to 2.6M wmt;
DRPF project advancing as planned for commissioning in December 2025.

Champion's CEO David Cataford said, "Our team's agility and dedication were key to the successful completion of our scheduled semi-annual maintenance program during the period. While scheduled maintenance was expected to temporarily impact production, it also provided an opportunity to strategically reduce stockpiled iron ore inventories, despite seasonal logistical challenges. As global economies face uncertainties with rising trade tensions, our Company benefits from robust financial liquidities and diversified global partners, enabling us to diligently advance our growth initiatives."

Elsewhere, Maxim Power Corp. (MXG.TO) closed the previously announced sale of 100% of its interest in its wholly-owned subsidiaries Summit Coal Limited Partnership and Summit Coal Inc. to Valory Resources Inc. for $14.2 million, consisting of $10.2 million of cash and $4.0 million of equity securities in the form of a 15% interest bearing note convertible into Valory common shares.