Metro, Inc. (MRU) to Issue Quarterly Dividend of $0.16
Metro, Inc. (TSE:MRU) declared a quarterly dividend on Monday, October 2nd, Zacks reports. Shareholders of record on Friday, October 27th will be paid a dividend of 0.162 per share on Tuesday, November 14th. This represents a $0.65 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, October 26th.
Shares of Metro (TSE:MRU) opened at 42.36 on Tuesday. Metro has a 12-month low of $38.00 and a 12-month high of $47.41. The firm has a market cap of $9.62 billion and a P/E ratio of 16.88. The company has a 50-day moving average of $41.11 and a 200 day moving average of $42.83.
A number of equities analysts have weighed in on MRU shares. Raymond James Financial, Inc. dropped their target price on shares of Metro from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. National Bank Financial lowered their price target on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. Eight Capital lowered their price target on shares of Metro from C$52.00 to C$50.00 in a report on Wednesday, August 16th. Scotiabank reduced their price objective on Metro from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. Finally, BMO Capital Markets reduced their price objective on Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$47.80.
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Metro Company Profile
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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