Topic: How To Invest

Dividend Advisor Hotline – Friday, November 9, 2018

Article Excerpt

CANADIAN TIRE CORP., $162.64, Toronto symbol CTC.A, owns 501 Canadian Tire stores. They sell automotive parts and products, and household and sporting goods. Franchisees run most of the outlets. The company’s other operations include 298 gas stations and 105 PartSource locations; those stores are entirely focused on automobile supplies. In the past few years, the company has acquired other major retail chains: Mark’s sells casual and work clothing through 386 stores; and the Forzani Group sells sporting goods and athletic wear through 408 outlets, including Sport Chek and Sports Experts. Starting with the March 2019 payment, Canadian Tire will raise its quarterly dividend by 15.3%. Investors will then receive $1.0375 a share instead of $0.90. The new annual rate of $4.15 yields 2.6%. Meantime, the company’s overall sales in the three months ended September 29, 2018, rose 11.2%, to $3.63 billion from $3.27 billion a year earlier. Most of that gain is due to Canadian Tire’s recent purchase of the Helly Hansen sportswear business…

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