TSX:CTC.AMultiline Retail
A Look At Canadian Tire Corporation’s (TSX:CTC.A) Valuation After The New Share Repurchase Program Announcement
Buyback announcement and what it means for shareholders
Canadian Tire Corporation (TSX:CTC.A) has launched a new normal course issuer bid to repurchase up to 4,700,000 Class A non voting shares, about 9.59% of its current float, through March 10, 2027.
The company says the program is meant to offset dilution from its dividend reinvestment and stock option plans. The goal is to keep the share count in check rather than materially shrink it over time.
See our latest analysis for Canadian Tire...