Canadian Tire Co., Limited (CTC) To Go Ex-Dividend on January 31st

Canadian Tire Co., Limited (TSE:CTC) announced 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 an increase from Canadian Tire’s previous quarterly dividend of $1.75.

Canadian Tire Stock Down 4.6 %

TSE CTC opened at C$234.44 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52 week low of C$192.10 and a 52 week high of C$275.36. The firm has a market capitalization of C$801.78 million, a price-to-earnings ratio of 34.22, a PEG ratio of 0.49 and a beta of 1.33. The company has a fifty day moving average of C$217.83 and a two-hundred day moving average of C$222.11.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, November 7th. The company reported C$3.59 EPS for the quarter, beating 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 previous year, the business earned $2.96 EPS. On average, analysts predict that Canadian Tire will post 13.6961722 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.