canadian tire
Toronto symbol CTC.A, operates stores that sell automotive, household and sporting goods. It also operates PartSource auto parts stores, Mark’s Work Wearhouse casual clothing stores and gas stations.
RioCan shocked investors in late 2020 when it cut its distribution after promising to maintain the rate. COVID-19 lockdowns, particularly in Ontario, hurt the REIT’s cash flow and led to its decision to cut the payment.
While disappointing, the move was prudent as the new annual distribution rate of $0.96 a unit (which still gives you a solid 4.3% yield) is a much more sustainable payout.
Meantime, RioCan’s strategy to focus on six major cities—Toronto, Ottawa, Montreal, Edmonton, Calgary and Vancouver—positions it for long-term growth as the pandemic eases and immigration levels rebound....
While disappointing, the move was prudent as the new annual distribution rate of $0.96 a unit (which still gives you a solid 4.3% yield) is a much more sustainable payout.
Meantime, RioCan’s strategy to focus on six major cities—Toronto, Ottawa, Montreal, Edmonton, Calgary and Vancouver—positions it for long-term growth as the pandemic eases and immigration levels rebound....
Two of Canada’s oldest retailers—Canadian Tire and Leon’s—continue to thrive even though many of their stores remain closed due to COVID-19 lockdowns. Their success reflects their strong online sales, which will likely remain strong even after bricks-and-mortar stores re-open.
CANADIAN TIRE CORP....
CANADIAN TIRE CORP....
Canadian Tire’s shares have more than doubled from their March 2020 lows, despite the negative impact of ongoing COVID-19 restrictions in Ontario, Quebec and other major markets. That impressive growth is due to the company’s earlier plan to expand its online operations, along with its home delivery and click-and-collect services.
It’s likely customers will continue to embrace these new online offerings, even when the company can fully re-open its stores....
It’s likely customers will continue to embrace these new online offerings, even when the company can fully re-open its stores....
Continuing COVID-19 lockdowns, particularly in Ontario and Quebec, will undoubtedly limit sales and earnings for these leading retailers. However, all of them have expanded their online businesses in the past few years. That should help them handle any longer-term shift away from in-store shopping.
We feel all four are poised to move higher in 2021 as the economy re-opens....
CANADIAN TIRE CORP. is a buy. The retailer (Toronto symbols CTC (voting) $205 and CTC.A (non-voting) $168; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 60.8 million; Market cap: $10.2 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Highest; www.canadiantire.ca) will increase its quarterly dividend by 3.3% with the March 2021 payment....
Canadian Tire’s class A shares have rebounded strongly after falling to $67.15 in March with the first wave of COVID-19. That’s mainly because the pandemic has spurred strong demand for home improvement products and exercise equipment.
The stock is poised to go even higher, particularly as the company expands its e-commerce businesses....
The stock is poised to go even higher, particularly as the company expands its e-commerce businesses....
A: When a company splits its shares, it is simply cutting itself up into a different number of pieces, without changing its fundamental value. It wants its stock to trade in a price-per-share range that seems reasonable to investors.
Mechanics of a split: If a stock’s price rises much beyond $50 a share in Canada (or $100 a share in the U.S.), some investors may shun it since it seems expensive....
Mechanics of a split: If a stock’s price rises much beyond $50 a share in Canada (or $100 a share in the U.S.), some investors may shun it since it seems expensive....
CANADIAN TIRE CORP. (class A non-voting) is a buy. The retailer (Toronto symbols CTC $205 and CTC.A $141; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 60.8 million; Market cap: $8.8 billion; Price-to-sales ratio: 0.7; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.canadiantire.ca) is in a strong position to cope if Ontario and other provinces force its stores to close again due to a second wave of COVID-19 infections.
That’s mainly due to the company’s heavy investments in its online operations....
That’s mainly due to the company’s heavy investments in its online operations....
Canadian Tire is now up over 50% from its March 2020 lows. That’s because its online operations helped offset lost sales for its brick-and mortar stores during COVID-19 lockdowns.
The stock should continue to recover now that the retailer has fully reopened its stores....
The stock should continue to recover now that the retailer has fully reopened its stores....
CANADIAN TIRE CORP. (class A non-voting) is a buy. This Canadian stock (Toronto symbols CTC $212 and CTC.A $129; Conservative Growth Portfolio, Consumer sector; Shares o/s: 60.8 million; Market cap: $7.8 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.canadiantire.ca) had to temporarily close its more than 1,700 stores due to COVID-19....