Canadian Tire Co., Limited (TSE:CTC) Increases Dividend to $1.78 Per Share

Canadian Tire Co., Limited (TSE:CTC) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, January 31st will be paid a dividend of 1.775 per share on Saturday, March 1st. This represents a $7.10 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Canadian Tire’s previous quarterly dividend of $1.75.

Canadian Tire Trading Down 4.6 %

TSE:CTC opened at C$234.44 on Wednesday. Canadian Tire has a 12-month low of C$192.10 and a 12-month high of C$275.36. The firm has a market cap of C$801.78 million, a PE ratio of 34.22, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The stock has a fifty day moving average price of C$217.83 and a 200 day moving average price of C$222.11.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$3.59 EPS for the quarter, topping analysts’ consensus estimates of C$3.02 by C$0.57. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. During the same quarter in the prior year, the firm earned $2.96 earnings per share. Sell-side analysts anticipate that Canadian Tire will post 13.6961722 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered shares of Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.