Metro Inc. (MRU) to Issue Quarterly Dividend of $0.41 on November 10th

Metro Inc. (TSE:MRU) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.4075 per share on Tuesday, November 10th. This represents a $1.63 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 22nd.

Metro Price Performance

Shares of TSE:MRU opened at C$95.68 on Tuesday. The firm has a market capitalization of C$20.02 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 4.06 and a beta of 0.12. The company has a debt-to-equity ratio of 71.09, a current ratio of 1.43 and a quick ratio of 0.41. The business’s 50 day simple moving average is C$90.24 and its 200-day simple moving average is C$91.15. Metro has a 12 month low of C$86.63 and a 12 month high of C$101.30.

Metro (TSE:MRU) last posted its earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. The company had revenue of C$6.97 billion for the quarter. As a group, equities analysts forecast that Metro will post 4.82 earnings per share for the current fiscal year.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.