Canadian Tire Co., Limited (TSE:CTC) Plans $1.75 Quarterly Dividend

Canadian Tire Co., Limited (TSE:CTC) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 1.75 per share on Sunday, December 1st. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, October 31st.

Canadian Tire Trading Down 0.1 %

Shares of TSE CTC opened at C$231.75 on Wednesday. Canadian Tire has a 1 year low of C$202.00 and a 1 year high of C$288.08. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a 50-day moving average of C$229.79 and a 200 day moving average of C$228.22. The stock has a market cap of C$792.59 million, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, August 8th. The company reported C$3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.46 by C$1.10. The firm had revenue of C$4.13 billion during the quarter, compared to analyst estimates of C$4.07 billion. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. As a group, sell-side analysts expect that Canadian Tire will post 13.6961722 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note 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.