Canadian Tire Co. Limited (CTC) Announces Dividend Increase – $0.90 Per Share

Canadian Tire Co. Limited (TSE:CTC) announced a quarterly dividend on Thursday, November 9th, RTT News reports. Shareholders of record on Wednesday, January 31st will be given a dividend of 0.90 per share on Thursday, March 1st. This represents a $3.60 annualized dividend and a dividend yield of 1.55%. This is a boost from Canadian Tire Co. Limited’s previous quarterly dividend of $0.65.

Canadian Tire Co. Limited (CTC) traded down C$3.44 on Thursday, hitting C$232.56. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 166. Canadian Tire Co. Limited has a 1 year low of C$185.75 and a 1 year high of C$265.00.

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Separately, Barclays PLC increased their price objective on Canadian Tire Co. Limited from C$171.00 to C$173.00 and gave the stock an “overweight” rating in a research report on Monday.

About Canadian Tire Co. Limited

Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.

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