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

Key Points

• Metro Inc. has declared a quarterly dividend of $0.37 per share, with the ex-dividend date set for October 23rd and payment to stockholders on November 11th.
• The company reports a current market capitalization of C$20.84 billion and a dividend yield of 1.5%.
• Metro Inc. is a leading grocery retailer in Canada and has expanded its presence in the drugstore market following the acquisition of Jean Coutu in 2018.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Thursday, October 23rd, RTT News reports. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 23rd.

Metro Stock Performance

MRU opened at C$95.78 on Tuesday. The business has a fifty day simple moving average of C$96.04 and a 200 day simple moving average of C$101.37. The company 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 has a 1 year low of C$81.01 and a 1 year 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.

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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