Topic: Dividend Stocks

CANADIAN TIRE CORP. $83 – Toronto symbol CTC.A

CANADIAN TIRE CORP. $83 (Toronto symbol CTC.A; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 80.9 million; Market cap: $6.7 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.7%; TSINetwork Rating: Above Average; www.canadiantire.ca) has a new four-year deal to sell Olympic-branded shoes and other sports equipment made by Adidas Group. The company will feature this merchandise in its main Canadian Tire stores and its SportChek and Sports Experts sporting good chains.

Offering exclusive products is a good way for retailers to draw customers to their stores. This new deal also builds on Canadian Tire’s current eightyear sponsorship agreement with the Canadian Olympic Committee.

Canadian Tire is a buy.

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