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

Key Points

• Metro Inc. declared a quarterly dividend of C$0.37 per share, which will be paid on November 11th to investors of record on October 23rd.
• The company's stock opened at C$92.20, with a market capitalization of C$20.06 billion and a price-to-earnings ratio of 20.00.
• Metro is one of Canada’s largest grocery retailers, operating under several banners including Metro, Metro Plus, Super C, and Food Basics, and it has a significant presence in the drugstore sector through its acquisition of Jean Coutu.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Monday, September 29th, 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 yield of 1.6%.

Metro Stock Performance

Shares of TSE:MRU opened at C$92.20 on Monday. The company's 50 day simple moving average is C$99.80 and its 200 day simple moving average is C$101.73. The stock has a market capitalization of C$20.06 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 4.06 and a beta of 0.28. 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 1 year low of C$81.01 and a 1 year high of C$109.20.

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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