TORONTO – Canadian Tire Corp. Ltd. raised its dividend as it reported its third-quarter profit fell compared with a year ago on restructuring and other transformation and advisory costs.

The retailer says it will pay a quarterly dividend of $1.80 per share, up from $1.775 per share.

The increased payment to shareholders came as Canadian Tire reported its net income attributable to shareholders from continuing operations amounted to $169.1 million or $3.13 per diluted share for the quarter ended Sept. 27. The result compared with a profit of $198.5 million or $3.55 per diluted share in the same quarter last year.

On an normalized basis, the company says it earned $3.78 per diluted share in its latest quarter, up from an normalized profit of $3.55 per diluted share a year ago.

Revenue fo

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