Canadian Tire Co. Limited (TSE:CTC) Raises Dividend to $1.14 Per Share
Canadian Tire Co. Limited (TSE:CTC) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Shareholders of record on Friday, January 31st will be given a dividend of 1.138 per share on Sunday, March 1st. This represents a $4.55 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, January 30th. This is a positive change from Canadian Tire’s previous quarterly dividend of $1.04.
The firm has a market cap of $13.07 billion and a price-to-earnings ratio of 17.10. The firm has a 50-day simple moving average of C$216.48 and a 200 day simple moving average of C$224.90. The company has a debt-to-equity ratio of 208.50, a current ratio of 1.81 and a quick ratio of 1.33. Canadian Tire has a fifty-two week low of C$185.00 and a fifty-two week high of C$243.89.
Canadian Tire (TSE:CTC) last released its earnings results on Thursday, August 8th. The company reported C$2.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$2.99 by C($0.02). The business had revenue of C$3.69 billion during the quarter, compared to analysts’ expectations of C$3.73 billion.
Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.
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