Canadian Tire (TSE:CTC) Reaches New 1-Year Low – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC)’s stock price reached a new 52-week low on Monday . The company traded as low as C$197.55 and last traded at C$197.55, with a volume of 163 shares traded. The stock had previously closed at C$199.00.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered shares of Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th.

Canadian Tire Trading Down 0.7 %

The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market capitalization of C$675.62 million, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The stock has a 50-day moving average price of C$221.75 and a two-hundred day moving average price of C$222.59.

Canadian Tire Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, January 31st will be given a dividend of $1.775 per share. This represents a $7.10 annualized dividend and a yield of 3.59%. This is a boost from Canadian Tire’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Friday, January 31st. Canadian Tire’s payout ratio is presently 102.19%.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.