Canadian Tire Corporation Dividend
Dividend criteria checks 4/6
Canadian Tire is a dividend paying company with a current yield of 5.19%. Next payment date is on 1st June, 2024 with an ex-dividend date of 29th April, 2024.
Key information
5.2%
Dividend yield
183%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | 01 Jun 24 |
| Ex dividend date | 29 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | CA$3.83 |
| Dividend yield forecast in 3Y | 5.2% |
Recent dividend updates
Canadian Tire Corporation (TSE:CTC.A) Will Pay A Dividend Of CA$1.75
Mar 18
Canadian Tire Corporation (TSE:CTC.A) Has Announced A Dividend Of CA$1.75
Feb 19Recent updates
What Does Canadian Tire Corporation, Limited's (TSE:CTC.A) Share Price Indicate?
Apr 17These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Apr 02Canadian Tire Corporation (TSE:CTC.A) Will Pay A Dividend Of CA$1.75
Mar 18Some May Be Optimistic About Canadian Tire Corporation's (TSE:CTC.A) Earnings
Feb 22Canadian Tire Corporation (TSE:CTC.A) Has Announced A Dividend Of CA$1.75
Feb 19Canadian Tire Corporation, Limited Just Missed Earnings - But Analysts Have Updated Their Models
Feb 17Canadian Tire Corporation, Limited's (TSE:CTC.A) Subdued P/E Might Signal An Opportunity
Feb 16Estimating The Intrinsic Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)
Oct 02Canadian Tire Corporation (TSE:CTC.A) Has Some Way To Go To Become A Multi-Bagger
Aug 13Why Canadian Tire Corporation, Limited (TSE:CTC.A) Could Be Worth Watching
Jul 26Estimating The Fair Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)
Jul 04These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt Extensively
Jun 16Is It Too Late To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?
Apr 17Canadian Tire Corporation (TSE:CTC.A) Takes On Some Risk With Its Use Of Debt
Mar 13Is Canadian Tire Corporation, Limited (TSE:CTC.A) Potentially Undervalued?
Jan 17Canadian Tire Corporation's (TSE:CTC.A) Dividend Will Be Increased To CA$1.73
Dec 30Are Investors Undervaluing Canadian Tire Corporation, Limited (TSE:CTC.A) By 48%?
Dec 18Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Nov 30Is It Time To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?
Oct 05Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Aug 22Here's Why We Think Canadian Tire Corporation (TSE:CTC.A) Is Well Worth Watching
Aug 01Canadian Tire Corporation (TSE:CTC.A) Has Announced That It Will Be Increasing Its Dividend To CA$1.63
Jul 14Should You Investigate Canadian Tire Corporation, Limited (TSE:CTC.A) At CA$167?
Jun 22Canadian Tire Corporation (TSE:CTC.A) Will Pay A Larger Dividend Than Last Year At CA$1.63
Jun 03Canadian Tire Corporation (TSE:CTC.A) Is Paying Out A Larger Dividend Than Last Year
May 20Is Canadian Tire Corporation, Limited (TSE:CTC.A) Trading At A 42% Discount?
May 05Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30
Apr 20Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30
Apr 06Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CTC.A's dividends per share have been stable in the past 10 years.
Growing Dividend: CTC.A's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canadian Tire Corporation Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CTC.A) | 5.2% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.5% |
| Industry Average (Multiline Retail) | 1.9% |
| Analyst forecast in 3 Years (CTC.A) | 5.2% |
Notable Dividend: CTC.A's dividend (5.19%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: CTC.A's dividend (5.19%) is low compared to the top 25% of dividend payers in the Canadian market (6.49%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (182.6%), CTC.A's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (56.8%), CTC.A's dividend payments are covered by cash flows.