Metro Inc. (TSE:MRU) Increases 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 a boost from Metro’s previous quarterly dividend of $0.34.

Metro Price Performance

MRU stock opened at C$92.03 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The firm has a market cap of C$20.49 billion, a P/E ratio of 22.50, a P/E/G ratio of 4.06 and a beta of 0.08. The company’s 50-day moving average price is C$91.28 and its two-hundred day moving average price is C$86.87. Metro has a 12 month low of C$68.12 and a 12 month high of C$94.86.

Analysts Set New Price Targets

Several brokerages recently weighed in on MRU. Royal Bank of Canada downgraded Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$92.00 to C$96.00 in a research report on Thursday, January 30th. CIBC upped their price target on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. National Bankshares raised their price objective on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. Finally, Desjardins upped their target price on 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.