Topic: How To Invest

Dividend Advisor Hotline – Friday, November 15, 2024

Article Excerpt

CANADIAN TIRE CORP., $152.95, Toronto symbol CTC.A, is a top pick for 2024. The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook. They include 169 stores operating under the PartSource (auto parts) and Party City (party supplies) banners. Canadian Tire has several other major retail chains: Mark’s sells casual and work clothing through 383 stores; and the Sport Chek Group sells sporting goods and athletic wear through 367 outlets, mainly under the Sport Chek and Sports Experts banners. Starting with the March 2025 payment, the company will raise your quarterly dividend by 1.4%. Shareholders will then receive $1.775 a share instead of $1.75. The new annual rate of $7.10 yields a high 4.6% for the class A non-voting shares. With this increase, Canadian Tire has now raised that payment each year for the past 15 years. The company’s revenue in the…