Metro Inc. (TSE:MRU) Plans Quarterly Dividend of $0.37

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

Metro Price Performance

Metro stock opened at C$92.03 on Tuesday. Metro has a 1 year low of C$68.12 and a 1 year high of C$94.86. 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 firm has a 50 day moving average price of C$91.28 and a 200 day moving average price of C$86.87. 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

A number of research firms have recently commented on MRU. Scotiabank upped their price objective on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$92.00 to C$96.00 in a report on Thursday, January 30th. National Bankshares boosted 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. Finally, Desjardins raised their price target on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Metro presently has a consensus rating of “Hold” and a consensus price target 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.