By the end of today, March 01, 2024, Canadian Tire Corp CTC is set to deliver a dividend payout of $1.75 per share, equating to an annualized dividend yield of 2.87%. Shareholders who owned the stock prior to the ex-dividend date on April 29, 2024 will receive this payout.
Canadian Tire Corp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-04-29 | 4 | $1.75 | 2.87% | 2024-02-15 | 2024-04-30 | 2024-06-01 |
| 2024-01-30 | 4 | $1.75 | 2.64% | 2023-11-09 | 2024-01-31 | 2024-03-01 |
| 2023-10-30 | 4 | $1.73 | 2.38% | 2023-08-10 | 2023-10-31 | 2023-12-01 |
| 2023-07-28 | 4 | $1.73 | 2.16% | 2023-05-11 | 2023-07-31 | 2023-09-01 |
| 2023-04-27 | 4 | $1.73 | 2.32% | 2023-02-16 | 2023-04-30 | 2023-06-01 |
| 2023-01-30 | 4 | $1.73 | 2.57% | 2022-11-10 | 2023-01-31 | 2023-03-01 |
| 2022-10-28 | 4 | $1.62 | 2.17% | 2022-08-11 | 2022-10-31 | 2022-12-01 |
| 2022-07-28 | 4 | $1.62 | 1.58% | 2022-05-12 | 2022-07-31 | 2022-09-01 |
| 2022-04-28 | 4 | $1.3 | 1.56% | 2022-02-17 | 2022-04-30 | 2022-06-01 |
| 2022-01-28 | 4 | $1.3 | 1.67% | 2021-11-11 | 2022-01-31 | 2022-03-01 |
| 2021-10-28 | 4 | $1.18 | 1.81% | 2021-08-11 | 2021-10-31 | 2021-12-01 |
| 2021-07-29 | 4 | $1.18 | 1.88% | 2021-05-13 | 2021-07-30 | 2021-09-01 |
Analyzing Canadian Tire Corp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2021 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $4.83 in 2021 to $6.93 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Canadian Tire Corp
The earnings chart illustrates an increase in Canadian Tire Corp's earnings per share, from $9.88 in 2021 to $16.38 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we delve into Canadian Tire Corp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $1.75 per share today, resulting in an annualized dividend yield of 2.87%.
The increase in both dividend per share and earnings per share from 2021 to 2023 for Canadian Tire Corp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Canadian Tire Corp's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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