Canadian Tire (TSE:CTC) Trading Down 1%

Canadian Tire Co. Limited (TSE:CTC)’s share price was down 1% during mid-day trading on Tuesday . The stock traded as low as C$199.99 and last traded at C$199.99, approximately 612 shares traded hands during trading. An increase of 41% from the average daily volume of 435 shares. The stock had previously closed at C$201.96.

Separately, Desjardins restated a “buy” rating on shares of Canadian Tire in a report on Thursday, November 28th.

The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 191.49. The company has a market capitalization of $691.38 million and a P/E ratio of 17.85. The company’s 50-day simple moving average is C$211.64 and its 200 day simple moving average is C$223.38.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, January 31st will be issued a dividend of $1.138 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.55 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from Canadian Tire’s previous quarterly dividend of $1.04. Canadian Tire’s dividend payout ratio (DPR) is currently 35.82%.

Canadian Tire Company Profile (TSE:CTC)

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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