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

Key Points

• Metro Inc. has declared a quarterly dividend of C$0.37 per share, scheduled for payment on November 11th to shareholders of record on October 23rd.
• The company has a current market cap of C$20.28 billion and recently traded at C$93.24, with a price-to-earnings ratio of 20.23.
• Metro Inc. is one of Canada's largest grocery retailers, with a significant presence in drugstores following its acquisition of Jean Coutu in 2018.

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 dividend yield of 1.6%.

Metro Trading Down 0.0%

Shares of MRU traded down C$0.04 during mid-day trading on Thursday, reaching C$93.24. The company had a trading volume of 71,313 shares, compared to its average volume of 489,042. The stock has a market cap of C$20.28 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 4.06 and a beta of 0.28. The firm has a fifty day simple moving average of C$99.15 and a 200-day simple moving average of C$101.62. Metro has a fifty-two week low of C$81.01 and a fifty-two week high of C$109.20. 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 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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