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

Metro Inc. (TSE:MRU) 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 dividend on an annualized basis 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 Trading Up 0.3 %

TSE:MRU opened at C$92.03 on Tuesday. The firm has a 50 day moving average of C$91.28 and a 200 day moving average of C$86.87. The stock has a market capitalization 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. 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.

Analysts Set New Price Targets

A number of research firms have issued reports on MRU. BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$92.00 to C$96.00 in a report on Thursday, January 30th. Scotiabank raised their price target on shares of Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. National Bankshares raised their price target on shares of Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday, January 13th. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, CIBC increased their price objective on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.