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

Metro Inc. (TSE:MRU) announced a quarterly dividend on Thursday, October 22nd. Stockholders 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 22nd.

Metro Trading Down 1.5%

Shares of TSE MRU opened at C$95.68 on Tuesday. The stock has a market capitalization of C$20.02 billion, a P/E ratio of 22.73, a PEG ratio of 4.06 and a beta of 0.12. The stock’s 50 day moving average price is C$90.24 and its two-hundred day moving average price is C$91.15. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09. Metro has a 52-week low of C$86.63 and a 52-week high of C$101.30.

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

About Metro

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.