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

Key Points

• Metro Inc. declared a quarterly dividend of C$0.37 per share, with stockholders of record on November 11th set to receive the payment.
• The dividend represents a 1.5% annualized yield and an ex-dividend date of October 23rd.
• As of Tuesday, Metro's shares opened at C$95.78, having a market cap of C$20.84 billion and a price-to-earnings ratio of 20.78.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Thursday, October 23rd, RTT News reports. Stockholders of record on Tuesday, November 11th will be paid a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 23rd.

Metro Trading Down 0.9%

Shares of Metro stock opened at C$95.78 on Tuesday. The company has a fifty day simple moving average of C$96.04 and a 200-day simple moving average of C$101.37. Metro has a 12-month low of C$81.01 and a 12-month high of C$109.20. The stock has a market cap of C$20.84 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 4.06 and a beta of 0.22. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

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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