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

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Wednesday, May 7th, TickerTech Dividends reports. Investors of record on Tuesday, May 27th will be paid a dividend of 0.37 per share on Tuesday, May 27th. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, May 7th.

Metro Stock Down 3.2 %

MRU stock traded down C$3.41 during mid-day trading on Thursday, hitting C$103.58. 763,951 shares of the company were exchanged, compared to its average volume of 531,408. The company has a market capitalization of C$22.91 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The firm has a fifty day simple moving average of C$99.01 and a 200 day simple moving average of C$93.09. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a twelve month low of C$72.39 and a twelve month high of C$107.05.

Analyst Upgrades and Downgrades

MRU has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Metro from C$90.00 to C$98.00 in a report on Monday, April 14th. UBS Group raised their price objective on Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. Scotiabank boosted their target price on shares of Metro from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. TD Securities raised their price target on shares of Metro from C$99.00 to C$112.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, CIBC boosted their price objective on shares of Metro from C$91.00 to C$106.00 in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Metro has an average rating of "Hold" and an average target price of C$104.22.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.