Canadian Tire Corporation Ltd.'s (CTC_A.TO, CTC.TO) second-quarter consolidated net income grew 26.4% to C$133.7 million or C$1.63 per share from C$105.8 million or C$1.29 per share in 2011. Quarterly net income included C$22.7 million of pre-tax costs associated with the FGL Sports banner rationalization plan announced in the second quarter.
Consolidated revenue increased 16.4% to about C$3 billion, from C$2.57 billion last year, as a result of the inclusion of FGL Sports revenue of C$335.2 million, solid sales growth across all retail businesses, and growth in Financial Services' segment revenue.
The company has declared a quarterly dividend of 30 cents per share on each Common and Class A Non-Voting share, payable December 1, 2012 to Common and Class A shareholders of record as of October 31, 2012. The dividend is considered an "eligible dividend" for tax purposes.
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