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

Key Points

• Metro Inc. has announced a quarterly dividend of $0.37 per share, payable to shareholders of record on November 11th, with an annualized yield of 1.5%.
• As of the latest report, Metro's shares opened at C$95.78 and the company has a market capitalization of C$20.84 billion.
• Metro Inc. is a major grocery retailer in Canada, operating under notable banners such as Metro and Super C, and has a significant drugstore presence following the acquisition of Jean Coutu.

Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Thursday, October 23rd, RTT News reports. Shareholders of record on Tuesday, November 11th will be paid a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 23rd.

Metro Stock Performance

Shares of MRU opened at C$95.78 on Tuesday. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. Metro has a one year low of C$81.01 and a one year high of C$109.20. The company has a 50-day simple moving average of C$96.04 and a two-hundred day simple moving average of C$101.37. The firm has a market capitalization of C$20.84 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 4.06 and a beta of 0.22.

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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