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

Key Points

• Metro Inc. declared a quarterly dividend of $0.37 per share, which will be paid to shareholders on November 11th for those recorded as of October 23rd.
• The company's stock price is currently at C$93.28, reflecting a slight decrease of 0.2% during recent trading.
• Metro Inc. operates as one of Canada's largest grocery retailers, with notable brands including Metro, Metro Plus, and Super C, along with a significant drugstore presence through its acquisition of Jean Coutu.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders 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 yield of 1.6%.

Metro Stock Down 0.2%

Shares of MRU traded down C$0.19 during trading hours on Wednesday, hitting C$93.28. 439,107 shares of the company were exchanged, compared to its average volume of 491,284. The company has a market cap of C$20.29 billion, a PE ratio of 20.23, a PEG ratio of 4.06 and a beta of 0.28. The firm's 50 day moving average is C$99.15 and its 200-day moving average is C$101.62. 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 quick ratio of 0.41 and a current ratio of 1.35.

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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