Metro Inc. (TSE:MRU) Raises Dividend to $0.37 Per Share

Metro Inc. (TSE:MRU) declared a quarterly dividend on Thursday, February 13th,TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Metro’s previous quarterly dividend of $0.34.

Metro Stock Up 0.3 %

MRU stock opened at C$92.03 on Tuesday. The company has a market capitalization of C$20.49 billion, a P/E ratio of 22.50, a PEG ratio of 4.06 and a beta of 0.08. The firm has a 50 day simple moving average of C$91.28 and a 200-day simple moving average of C$86.87. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. Metro has a twelve month low of C$68.12 and a twelve month high of C$94.86.

Analyst Upgrades and Downgrades

MRU has been the subject of several research analyst reports. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. National Bankshares increased their target price 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. UBS Group boosted their price target on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Desjardins raised their price objective on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. Finally, Scotiabank boosted their target price on shares of Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Metro presently has a consensus rating of “Hold” and a consensus target price of C$93.56.

About Metro

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.