Canadian Tire Corp A Dividend yield

Canadian Tire Corp A is part of General Retailers business, which is part of Consumer Services industry. Canadian Tire Corp A is a company from Canada, and his stocks are publicly traded.

Canadian Tire Corp A stock dividend

Canadian Tire Corp A paid a total dividend of 365 million CAD last year, for a market value of 8,496 millions (Market Cap 8,433 millions). Canadian Tire Corp A dividend per share is 6.89 CAD, and his stock market price 160.30 CAD.

According to the chart below, where dividend yield is displayed, Canadian Tire Corp A has a dividend yield of 4.30%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Consumer Services industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Canadian Tire Corp A stocks dividend with other General Retailers companies or other of the best Canada dividend stocks list.

Canadian Tire Corp A Dividend Payout

About the ability of Canadian Tire Corp A to maintain his current dividend of CAD 6.89 per share, an amount that accounts for 4.30%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Canadian Tire Corp A payout on ernings is currently 33.09%, which is lower than the market average, but higher than companies of Consumer Services industry, which are 39.34% and 31.45% respectively. Both figures show that Canadian Tire Corp A is in a good position to keep maintaining his dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Canadian Tire Corp A is CAD 10.15 per share, which is higher than the dividend per share paid by the company of CAD 6.89, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Canadian Tire Corp A, compared againt world market average, Canada companies, Consumer Services industry and General Retailers sector companies.

Canadian Tire Corp A Dividend History

Below you will find a table with the historical evolution of Canadian Tire Corp A's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	4.30%	6.89	33.09%	53
2022	4.59%	6.49	30.27%	56
2021	2.59%	4.70	32.64%	57
2020	2.72%	4.55	30.72%	58
2019	2.97%	4.15	30.88%	58
2018	2.52%	3.60	26.22%	61
2017	1.59%	2.61	21.97%	64
2016	1.64%	2.29	21.60%	70
2015	1.68%	2.10	23.00%	73

*In millions

Then you can see the evolution of Canadian Tire Corp A dividend stock, and compare it with the average of Canada stocks and that of the General Retailers stocks.

Canadian Tire Corp A Stock performance

Finally, last moth Canadian Tire Corp A showed a return of -11.50% compared to a worldwide -2.49% average, and a -3.06% of Consumer Services firms. Over the last year, the company obtained a 3.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and General Retailers firms.