CN announces 10 per cent increase in quarterly cash dividend



    MONTREAL, Jan. 22 /CNW Telbec/ - CN (TSX:CNR)(NYSE:  CNI) announced today
that its Board of Directors has approved a 10 per cent increase in the
Company's quarterly cash dividend.
    A quarterly dividend of 25.25 cents (C$0.2525) per common share will be
paid on March 31, 2009, to shareholders of record at the close of business on
March 10, 2009.
    Including today's announcement, CN has declared double-digit increases in
its cash dividend 13 consecutive times since the Company's initial public
offering of shares in 1995.

    CN - Canadian National Railway Company and its operating railway
subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific
oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert,
B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key
metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth,
Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and
Jackson, Miss., with connections to all points in North America. For more
information on CN, visit the company's website at www.cn.ca.




For further information:

For further information: Media: Mark Hallman, Director, Communications,
Media, (905) 669-3384; Investment Community: Robert Noorigian, Vice-President,
Investor Relations, (514) 399-0052


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