Metro Inc. Declares Quarterly Dividend of $0.41 (TSE:MRU)

Metro Inc. (TSE:MRU) announced a quarterly dividend on Wednesday, May 13th, TickerTech Dividends reports. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.4075 per share on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, May 13th.

Metro Stock Performance

Shares of MRU stock opened at C$89.32 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 69.30. The stock has a market cap of C$18.84 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. The stock has a 50 day simple moving average of C$93.92 and a 200 day simple moving average of C$96.07. Metro has a 1 year low of C$88.33 and a 1 year high of C$109.20.

Metro (TSE:MRU) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. The business had revenue of C$5.11 billion during the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. On average, research analysts predict that Metro will post 4.8188614 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Metro news, insider Dan Gabbard sold 2,978 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of C$96.67, for a total transaction of C$287,883.26. Following the completion of the transaction, the insider directly owned 12,344 shares in the company, valued at C$1,193,294.48. The trade was a 19.44% decrease in their ownership of the stock. 0.14% of the stock is currently owned by corporate insiders.

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. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.