Metro Inc. (MRU) to Issue Quarterly Dividend of $0.37 on March 11th

Metro Inc. (TSE:MRU) announced a quarterly dividend on Thursday, February 13th,TickerTech Dividends reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.37 per share on Tuesday, March 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, February 13th. This is a positive change from Metro’s previous quarterly dividend of $0.34.

Metro Trading Up 0.3 %

Shares of TSE MRU opened at C$92.03 on Tuesday. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The business’s 50 day moving average price is C$91.28 and its 200-day moving average price is C$86.87. Metro has a fifty-two week low of C$68.12 and a fifty-two week high of C$94.86. The company has a market cap of C$20.49 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 4.06 and a beta of 0.08.

Analyst Upgrades and Downgrades

MRU has been the topic of several recent analyst reports. UBS Group increased their price target on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. National Bankshares raised their price objective on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday, January 13th. Scotiabank raised their price objective on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. CIBC raised their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Finally, Desjardins raised their price objective on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Metro presently has an average rating of “Hold” and a consensus price target of C$93.56.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.