Canadian Tire declares quarterly dividend

TORONTO, March 11 /CNW/ - Canadian Tire Corporation, Limited (CTC, CTC.a) has declared a quarterly dividend of $0.21 per share on each Common and Class A Non-Voting share. The dividend is payable June 1, 2010 to Common and Class A shareholders of record as of April 30, 2010. The dividend is considered an "eligible dividend" for tax purposes.

Canadian Tire Corporation, Limited (TSX: CTC.a, CTC), is comprised of five business units: Canadian Tire Retail, one of Canada's most-shopped general merchandise retailers with 479 stores; PartSource, an automotive parts specialty chain with 87 stores; Canadian Tire Petroleum, one of the country's largest and most productive independent retailers of gasoline, operating 272 gas bars, 267 convenience stores and kiosks, and 73 car washes; Mark's Work Wearhouse, one of the country's leading apparel retailers operating 378 stores in Canada; and Canadian Tire Financial Services that has issued over five million Canadian Tire MasterCard credit cards and markets related financial products and services for retail and petroleum customers. More than 57,000 Canadians work across Canadian Tire's organization from coast-to-coast in the enterprise's retail, financial services, and petroleum businesses.

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SOURCE Canadian Tire Corporation, Limited

For further information: For further information: Media: Amy Cole, (416) 544-7655, amy.cole@cantire.com; Investors: Karen Meagher, (416) 480-8058, karen.meagher@cantire.com

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