ITEM 8.01. Other Events.



On April 20, 2020, Canadian Pacific Railway Limited (the "Company") issued a press release announcing that its board of directors declared a quarterly dividend of $0.83 per share on the Company's outstanding common shares. The dividend is payable on July 27, 2020 to holders of record at the close of business on June 26, 2020.

A copy of this press release is attached as Exhibit 99.1.

ITEM 9.01. Financial Statements and Exhibits.






(d) Exhibits



Exhibit No.                             Exhibit Description
Exhibit 99.1     Press Release dated April 20, 2020, announcing dividend
               declaration.
Exhibit 104    Cover Page Interactive Data File (embedded within the Inline XBRL
               document).






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