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

Canadian Tire Co., Limited (TSE:CTC - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, January 31st will be given a dividend of 1.775 per share on Saturday, March 1st. This represents a $7.10 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, January 31st. This is a positive change from Canadian Tire's previous quarterly dividend of $1.75.

Canadian Tire Trading Up 3.6 %

TSE:CTC traded up C$8.01 during trading hours on Friday, hitting C$228.01. The company had a trading volume of 800 shares, compared to its average volume of 371. The company has a market cap of C$779.79 million, a P/E ratio of 33.29, a P/E/G 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 company has a 50-day moving average of C$229.32 and a 200 day moving average of C$227.99. Canadian Tire has a 1 year low of C$202.00 and a 1 year high of C$288.08.

Canadian Tire (TSE:CTC - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 earnings per share for the quarter, topping analysts' consensus estimates of C$2.46 by C$1.10. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. The business had revenue of C$4.13 billion for the quarter, compared to analyst estimates of C$4.07 billion. Sell-side analysts expect that Canadian Tire will post 13.6961722 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Securities raised Canadian Tire from a "hold" rating to a "strong-buy" rating in a report on Friday, August 9th.

Canadian Tire Company Profile

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.