Metro Inc. Announces Quarterly Dividend of $0.37 (TSE:MRU)

Key Points

• Metro Inc. declared a quarterly dividend of $0.37 per share with a dividend yield of 1.5%, payable to investors of record on September 23rd.
• The company's stock opened at C$98.44 and has seen a one-year price range between C$81.01 and C$109.20.
• Metro, one of Canada's largest grocery retailers, also operates pharmacies and notable grocery banners, including Metro and Food Basics.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Thursday, September 4th, TickerTech Dividends reports. Investors of record on Tuesday, September 23rd will be given a dividend of 0.37 per share on Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 4th.

Metro Trading Up 0.7%

Shares of MRU opened at C$98.44 on Tuesday. Metro has a one year low of C$81.01 and a one year high of C$109.20. The stock has a 50-day moving average price of C$103.82 and a 200 day moving average price of C$101.68. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The company has a market capitalization of C$21.41 billion, a P/E ratio of 21.35, a P/E/G ratio of 4.06 and a beta of 0.36.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.

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