57144
51819
56468
S&P/TSX
16450.14
+114.99
(0.70%)
S&P-CDNX
756.24
+0.91
(0.12%)
S&P-500
2754.88
+5.12
(0.19%)
NASDAQ
7692.82
-20.14
(-0.26%)
Dow
24580.89
+119.19
(0.49%)
Dollar
0.7537
+0.0027
(+0.3603%)
Oil
69.25
+3.71
(+5.66%)
Gold
1271.10
+0.60
(+0.05%)
Silver
16.455
+0.129
(+0.79%)


Sales up at Canadian Tire

Canadian Tire Corp. raised its quarterly dividend by 38 per cent as it reported its third-quarter profit edged higher.

The retailer says it will begin paying a quarterly dividend of 90 cents per share next year, up from 65 cents per share.

The company made the move as it reported a profit attributable to shareholders of $176.6 million or $2.59 per diluted share in its latest quarter.

That compared with a profit attributable to shareholders of $176.4 million or $2.44 per diluted share a year ago when it had more shares outstanding.

Revenue increased to $3.30 billion, up from $3.13 billion a year ago.

In addition to its namesake stores, Canadian Tire also owns Mark's and FGL Sports, which operates Sport Chek, Hockey Experts, Sports Experts, among other stores.



More Business News

Data from CryptoCompare
Recent Trending
56547
Okanagan Oldies
53665
Castanet Proud Member of RTNDA Canada
52157
Press Room
55577