Canadian Tire Corporation Dividends and Buybacks
Dividend criteria checks 6/6
Canadian Tire is a dividend paying company with a current yield of 4.73% that is well covered by earnings. Next payment date is on 1st December, 2024 with an ex-dividend date of 31st October, 2024.
Key information
4.7%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 5.1% |
| Future Dividend Yield | 4.7% |
| Dividend Growth | 11.1% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | US$5.111 |
| Payout ratio | 60% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CDNT.F's dividends per share have been stable in the past 10 years.
Growing Dividend: CDNT.F'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 (CDNT.F) | 4.7% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Multiline Retail) | 1.7% |
| Analyst forecast (CDNT.F) (up to 3 years) | 4.7% |
Notable Dividend: CDNT.F's dividend (4.73%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: CDNT.F's dividend (4.73%) is in the top 25% of dividend payers in the US market (4.21%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60.2%), CDNT.F's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.5%), CDNT.F's dividend payments are well covered by cash flows.