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

Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Thursday, February 13th,TickerTech Dividends reports. Investors 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 is Thursday, February 13th. This is a positive change from Metro's previous quarterly dividend of $0.34.

Metro Stock Down 0.5 %

Shares of Metro stock traded down C$0.47 on Friday, reaching C$91.93. 130,038 shares of the company were exchanged, compared to its average volume of 408,755. The company has a market capitalization of C$20.33 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a one year low of C$69.19 and a one year high of C$94.86. The company has a 50-day moving average of C$91.24 and a 200 day moving average of C$87.08.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. National Bankshares lifted their price objective on shares of Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a research report on Monday, January 13th. CIBC upped their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. UBS Group lifted their price objective on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Scotiabank increased their price objective on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada cut Metro from a "moderate buy" rating to a "hold" rating in a research note on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Metro has an average rating of "Hold" and an average 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.