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. 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 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 %

TSE MRU opened at C$92.03 on Tuesday. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86. 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 company has a market capitalization of C$20.49 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The stock’s 50-day moving average price is C$91.28 and its 200-day moving average price is C$86.87.

Analyst Ratings Changes

A number of research firms have commented on MRU. UBS Group raised their target price on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. CIBC raised their price objective on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Desjardins upped their target price on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. BMO Capital Markets raised Metro from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$92.00 to C$96.00 in a report on Thursday, January 30th. Finally, National Bankshares upped their price objective on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.