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, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods. It also retails Christmas trees, lights and decor, Halloween décor and costumes, yard care and maintenance, and snow removal equipment; patio furniture, barbeques, pools, trampolines, outdoor power equipment and tools, plants and gardening supplies; backyard amusement, pool fun, and toys and games; gasoline; sporting goods and active wear; casual and industrial apparel and footwear; and outerwear, base-layer, and workwear. This segment offers its products under the Canadian Tire, Canadian Tire Gas, Mark's, PartSource, Helly Hansen, Party City, and SportChek brand names. This segment also participates in loyalty programs, as well as sells its products online. The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of 368 properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, industrial properties, a mixed-use commercial property, and development properties. The Financial Services segment provides financial and other ancillary products and services, including consumer credit cards, in-store financing, insurance products, and retail and broker deposits; and savings accounts and guaranteed investment certificates. Canadian Tire Corporation, Limited was founded in 1922 and is headquartered in Toronto, Canada.
Canadian Tire Dividend Announcement
• Canadian Tire announced a quarterly dividend of $1.27 per ordinary share which will be made payable on 2024-12-01. Ex dividend date: 2024-10-31
• Canadian Tire annual dividend for 2024 was $5.12
• Canadian Tire annual dividend for 2023 was $5.11
• Canadian Tire's trailing twelve-month (TTM) dividend yield is 4.44%
• Canadian Tire's payout ratio for the trailing twelve months (TTM) is 93.42%
• Canadian Tire's dividend growth over the last five years (2018-2023) was 11.12% year
• Canadian Tire's dividend growth over the last ten years (2013-2023) was 13.83% year
Canadian Tire Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-31 | $1.27 | quarterly | 2024-12-01 |
| 2024-07-31 | $1.26 | quarterly | 2024-09-01 |
| 2024-04-29 | $1.28 | quarterly | 2024-06-01 |
| 2024-01-30 | $1.30 | quarterly | 2024-03-01 |
| 2023-10-30 | $1.24 | quarterly | 2023-12-01 |
| 2023-07-28 | $1.30 | quarterly | 2023-09-01 |
| 2023-04-27 | $1.27 | quarterly | 2023-06-01 |
| 2023-01-30 | $1.30 | quarterly | 2023-03-01 |
| 2022-10-28 | $1.20 | quarterly | 2022-12-01 |
| 2022-07-28 | $1.27 | quarterly | 2022-09-01 |
| 2022-04-28 | $1.01 | quarterly | 2022-06-01 |
| 2022-01-28 | $1.02 | quarterly | 2022-03-01 |
| 2021-10-28 | $0.94 | quarterly | 2021-12-01 |
| 2021-07-29 | $0.94 | quarterly | 2021-09-01 |
| 2021-04-29 | $0.95 | quarterly | 2021-06-01 |
| 2021-01-28 | $0.92 | quarterly | 2021-03-01 |
| 2020-10-29 | $0.85 | quarterly | 2020-12-01 |
| 2020-07-30 | $0.85 | quarterly | 2020-09-01 |
| 2020-04-29 | $0.81 | quarterly | 2020-06-01 |
| 2020-01-30 | $0.86 | quarterly | 2020-03-01 |
| 2019-10-30 | $0.79 | quarterly | 2019-12-01 |
| 2019-07-30 | $0.79 | quarterly | 2019-09-01 |
| 2019-04-29 | $0.77 | quarterly | 2019-06-01 |
| 2019-01-30 | $0.78 | quarterly | 2019-03-01 |
| 2018-10-30 | $0.90 | quarterly | 2018-12-01 |
| 2018-07-30 | $0.69 | quarterly | 2018-09-01 |
| 2018-04-27 | $0.70 | quarterly | 2018-06-01 |
| 2018-01-30 | $0.73 | quarterly | 2018-03-01 |
| 2017-10-30 | $0.51 | quarterly | 2017-12-01 |
| 2017-07-27 | $0.65 | quarterly | 2017-09-01 |
| 2017-04-26 | $0.48 | quarterly | 2017-06-01 |
| 2017-01-27 | $0.50 | quarterly | 2017-03-01 |
| 2016-10-27 | $0.43 | quarterly | |
| 2016-07-27 | $0.44 | quarterly | |
| 2016-04-27 | $0.46 | quarterly | |
| 2016-01-27 | $0.41 | quarterly | |
| 2015-10-28 | $0.40 | quarterly | |
| 2015-07-29 | $0.41 | quarterly | |
| 2015-04-28 | $0.43 | quarterly | |
| 2015-01-28 | $0.53 | quarterly | |
| 2014-10-29 | $0.45 | quarterly | |
| 2014-07-29 | $0.50 | quarterly | |
| 2014-04-28 | $0.40 | quarterly | |
| 2014-01-29 | $0.44 | quarterly | |
| 2013-10-29 | $0.35 | quarterly | |
| 2013-07-29 | $0.35 | quarterly | |
| 2013-04-26 | $0.35 | quarterly | |
| 2013-01-29 | $0.35 | quarterly |
Canadian Tire Dividend per year
Canadian Tire Dividend growth
Canadian Tire Dividend Yield
Canadian Tire current trailing twelve-month (TTM) dividend yield is 4.44%. Interested in purchasing Canadian Tire stock? Use our calculator to estimate your expected dividend yield:
Canadian Tire Financial Ratios
P/E ratio23.08
PEG ratio20.29
P/B ratio1.56
ROE7.00%
Payout ratio93.42%
Current ratio1.79
Quick ratio1.35
Cash Ratio0.07
Canadian Tire Dividend FAQ
How much is the next Canadian Tire dividend?
Canadian Tire's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Canadian Tire dividend. The next Canadian Tire dividend will be released in January, April, July, or October.
When is Canadian Tire dividend paid?
Canadian Tire pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Canadian Tire pay?
The specific amount of Canadian Tire dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canadian Tire's dividend history.
Does Canadian Tire stock pay dividends?
Yes, Canadian Tire does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canadian Tire's dividend history.
How much dividend does Canadian Tire pay?
Canadian Tire paid $5.118 in 2024, $5.111 in 2023, $4.5 in 2022, $3.747 in 2021, and $3.382 in 2020.
How often does Canadian Tire pay dividends?
Canadian Tire typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Canadian Tire's dividend yield?
The current dividend yield for Canadian Tire is 4.44%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Canadian Tire's exact dividend yield.
When does Canadian Tire go ex dividend?
Canadian Tire's ex-dividend date for the latest dividend was on 2024-10-31. Canadian Tire typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Canadian Tire dividend paid?
Canadian Tire pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Canadian Tire increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Canadian Tire will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Canadian Tire dividend per share?
Canadian Tire paid $5.118 per share in 2024 and $5.111 per share in 2023. The amount of dividend per share that Canadian Tire pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Canadian Tire a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Canadian Tire a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Canadian Tire a dividend stock?
Yes, Canadian Tire is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Canadian Tire a good dividend stock?
Whether Canadian Tire is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Canadian Tire has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Canadian Tire as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Canadian Tire as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Canadian Tire pay dividends monthly?
Canadian Tire typically pays dividends on a quarterly basis.
Does Canadian Tire pay dividends quarterly?
Canadian Tire currently pays dividends on a quarterly basis.
Has Canadian Tire ever paid a dividend?
Yes, Canadian Tire has a history of paying dividends to its shareholders. Canadian Tire is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Canadian Tire dividend stocks?
To buy Canadian Tire you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Canadian Tire stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Canadian Tire stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Canadian Tire pay dividends 2024?
Canadian Tire pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Canadian Tire increase its dividend in 2024?
Decisions regarding Canadian Tire dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Canadian Tire dividend overview you can look into the above table of dividend history.
How Canadian Tire dividend works?
The Canadian Tire dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Canadian Tire's dividend process works:
1. Determination of Dividend: Canadian Tire's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Canadian Tire publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Canadian Tire distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Canadian Tire are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Canadian Tire's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Canadian Tire publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Canadian Tire distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Canadian Tire are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Canadian Tire dividends paid?
Canadian Tire dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Canadian Tire sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Canadian Tire distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Canadian Tire declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Canadian Tire sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Canadian Tire distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Canadian Tire declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Canadian Tire pay dividends?
Canadian Tire typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Canadian Tire pay dividends?
The general pattern is that Canadian Tire pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Canadian Tire dividend safe?
The safety of Canadian Tire's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Canadian Tire's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Canadian Tire's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Canadian Tire's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Canadian Tire's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.