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

Key Points

• Metro Inc. has declared a quarterly dividend of $0.37 per share, payable on November 11th to shareholders of record on October 23rd.
• The company's dividend yield is 1.6%, indicating a consistent return for investors.
• Metro Inc. is one of the largest grocery retailers in Canada, with significant operations in both grocery and pharmacy markets.

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 Price Performance

Shares of Metro stock traded up C$0.28 during trading hours on Thursday, reaching C$93.56. The stock had a trading volume of 218,577 shares, compared to its average volume of 489,770. The stock's 50 day moving average is C$99.15 and its 200 day moving average is C$101.62. The firm has a market capitalization of C$20.35 billion, a PE ratio of 20.30, a PEG ratio of 4.06 and a beta of 0.28. Metro has a twelve month low of C$81.01 and a twelve month 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.