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

Key Points

• Metro Inc. announced a quarterly dividend of C$0.37 per share, payable on November 11th to investors of record on October 23rd, resulting in an annualized dividend yield of 1.6%.
• As of the latest trading, Metro's stock (TSE:MRU) rose by 0.3% to C$93.52, with a market cap of C$20.34 billion.
• Metro is one of Canada's largest grocery retailers, with notable banners including Metro, Super C, and Food Basics, and a significant presence in the drugstore sector through its acquisition of Jean Coutu.

Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Tuesday, September 30th, RTT News reports. Stockholders of record on Thursday, October 23rd will be paid a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%.

Metro Price Performance

Shares of Metro stock traded up C$0.24 on Thursday, hitting C$93.52. The company had a trading volume of 1,144,098 shares, compared to its average volume of 494,720. Metro has a 52 week low of C$81.01 and a 52 week high of C$109.20. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company has a market cap of C$20.34 billion, a PE ratio of 20.29, a PEG ratio of 4.06 and a beta of 0.28. The business has a 50-day simple moving average of C$98.91 and a 200-day simple moving average of C$101.62.

Metro Company Profile

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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