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

Key Points

• Metro Inc. has declared a quarterly dividend of $0.37 per share, payable on November 11th to investors of record on October 23rd, which represents a 1.6% dividend yield.
• The company's stock price reached C$93.30 during trading, with a market capitalization of C$20.30 billion and a P/E ratio of 20.24.
• Recent analyst reports have seen target price adjustments, with a range between C$110.00 and C$118.00, indicating an average rating of "Hold" from equities research analysts.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Tuesday, September 30th, RTT News reports. Investors of record on Thursday, October 23rd will be given 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$0.02 during trading hours on Thursday, reaching C$93.30. The company's stock had a trading volume of 111,692 shares, compared to its average volume of 489,213. 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 stock has a market cap of C$20.30 billion, a P/E ratio of 20.24, a P/E/G ratio of 4.06 and a beta of 0.28. The firm has a 50 day moving average price of C$99.15 and a 200-day moving average price of C$101.62.

Analyst Ratings Changes

MRU has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their target price on shares of Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. National Bankshares reduced their target price on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. BMO Capital Markets raised their price objective on shares of Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, TD Securities upped their price target on Metro from C$112.00 to C$118.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$110.13.

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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