Cana­dian Tire re­ports third-quar­ter profit up

The Welland Tribune - - Business -

TORONTO — Cana­dian Tire Corp. Ltd. re­ported Thurs­day that a spike in third-quar­ter prof­its and sales had caused it to in­crease its quar­terly div­i­dend to $1.04 per share, up from its pre­vi­ous 90 cents. The div­i­dend spike was trig­gered by Cana­dian Tire earn­ing $231.3 mil­lion or $3.15 per di­luted share for the quar­ter that ended Sept. 29, com­pared with a profit of $198.5 mil­lion or $2.59 per di­luted share a year ago, and re­port­ing rev­enue to­talled $3.63 bil­lion, up from nearly $3.27 bil­lion.

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