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Canadian Tire (CTC) Dividend Yield, Date & History

Canadian Tire logo
C$202.06 -2.69 (-1.31%)
(As of 12/20/2024 05:17 PM ET)

Canadian Tire Dividend Summary

Dividend Yield
3.46%
Annual Dividend
C$7.00
Next
Dividend Payment
Mar. 1
Dividend Payout Ratio
102.19%

Canadian Tire (CTC) pays an annual dividend of C$7.00 per share, with a dividend yield of 3.46%. The next payment of C$1.78 per share is scheduled for Saturday, March 1, to investors who own the stock before the ex-dividend date of Friday, January 31. The company currently pays out 102.19% of its earnings and 111.75% of its cash flow as dividends.

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CTC Dividend Payments by Quarter

The chart below displays up to four years of Canadian Tire's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CTC Dividend Yield Over Time

The chart below tracks Canadian Tire's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Canadian Tire vs. The Competition

Compare Canadian Tire's annual dividend, yield, and 3-year growth rate with averages for Cyclical and TSE companies to evaluate its performance against the market.

TypeCanadian TireCyclical CompaniesTSE Companies
Annual DividendC$7.00C$0.18C$1.07
Dividend Yield3.46%3.90%5.42%

Canadian Tire Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings102.19%
Based on This Year's Estimate51.11%
Based on Cashflow111.75%

Canadian Tire Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/7/2024Quarterly$1.7750+$0.0250
1.43%
3.11%1/31/20251/31/20253/1/2025
8/8/2024Quarterly$1.75 - 3.47%10/31/202410/31/202412/1/2024
5/9/2024Quarterly$1.75 - 2.92%7/31/20247/31/20249/1/2024
2/15/2024Quarterly$1.75 - 2.87%4/29/20244/30/20246/1/2024
11/9/2023Quarterly$1.75+$0.0250
1.45%
2.7%1/30/20241/31/20243/1/2024
8/14/2023Quarterly$1.7250 - 2.43%10/30/202310/31/202312/1/2023
5/11/2023Quarterly$1.7250 - 2.16%7/28/20237/31/20239/1/2023
2/16/2023Quarterly$1.7250 - 2.21%4/27/20234/30/20236/1/2023

This table shows Canadian Tire's dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Canadian Tire Dividend - Frequently Asked Questions

The current dividend yield for Canadian Tire is 3.46%. Learn more on CTC's dividend yield history.

The annual dividend for CTC shares is C$7.00. Learn more on CTC's annual dividend history.

Canadian Tire pays quarterly dividends to shareholders.

Canadian Tire's next quarterly dividend payment of C$1.78 per share will be made to shareholders on Saturday, March 1, 2025.

Canadian Tire's most recent quarterly dividend payment of C$1.75 per share was made to shareholders on Sunday, December 1, 2024.

Canadian Tire's next ex-dividend date is Friday, January 31, 2025.

Canadian Tire's most recent ex-dividend date was Thursday, October 31, 2024.

The most recent change in the company's dividend was an increase of C$0.02 on Thursday, November 7, 2024.

The dividend payout ratio for CTC is:
  • 102.19% based on the trailing year of earnings
  • 51.11% based on this year's estimates
  • 111.75% based on cash flow

Canadian Tire's dividend yield of 3.06% is lower than the average Consumer Cyclical company that issues a dividend. Canadian Tire's dividend payout ratio of 102.19% may not be sustainable.

Looking at the stock as a whole, market analysts rate Canadian Tire stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (TSE:CTC) was last updated on 12/21/2024 by MarketBeat.com Staff
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