Metro Inc. operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products. As of September 25, 2021, the company operated a network of approximately 963 food stores under various banners, including Metro, Metro Plus, Super C, and Food Basics, Adonis, and Premiere Moisson as well as approximately 649 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy, and Food Basics Pharmacy banners. It also manufactures generic drugs; and provides online grocery shopping services. Metro Inc. was founded in 1947 and is headquartered in Montréal, Canada.
Metro Dividend Announcement
• Metro announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2024-11-12. Ex dividend date: 2024-10-24
• Metro annual dividend for 2024 was $0.98
• Metro annual dividend for 2023 was $0.89
• Metro's trailing twelve-month (TTM) dividend yield is 1.6%
• Metro's payout ratio for the trailing twelve months (TTM) is 31.08%
• Metro's dividend growth over the last five years (2018-2023) was 9.90% year
Metro Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-24 | $0.24 | quarterly | 2024-11-12 |
2024-09-05 | $0.25 | quarterly | 2024-09-24 |
2024-05-14 | $0.25 | quarterly | 2024-06-04 |
2024-02-14 | $0.25 | quarterly | 2024-03-12 |
2023-10-26 | $0.22 | quarterly | 2023-11-14 |
2023-08-29 | $0.22 | quarterly | 2023-09-20 |
2023-05-09 | $0.23 | quarterly | 2023-05-30 |
2023-02-08 | $0.23 | quarterly | 2023-03-06 |
2022-10-20 | $0.20 | quarterly | 2022-11-08 |
2022-08-30 | $0.21 | quarterly | 2022-09-21 |
2022-05-11 | $0.21 | quarterly | 2022-06-01 |
2022-02-09 | $0.22 | quarterly | 2022-03-07 |
2021-10-21 | $0.20 | quarterly | 2021-11-09 |
2021-08-31 | $0.20 | quarterly | 2021-09-22 |
2021-05-19 | $0.21 | quarterly | 2021-06-11 |
2021-02-10 | $0.20 | quarterly | 2021-03-08 |
2020-10-22 | $0.17 | quarterly | 2020-11-10 |
2020-09-01 | $0.17 | quarterly | 2020-09-23 |
2020-05-20 | $0.16 | quarterly | 2020-06-12 |
2020-02-12 | $0.17 | quarterly | 2020-03-10 |
2019-10-24 | $0.15 | quarterly | 2019-11-12 |
2019-09-03 | $0.15 | quarterly | 2019-09-25 |
2019-02-13 | $0.15 | quarterly | 2019-03-12 |
2018-10-25 | $0.14 | quarterly | 2018-11-13 |
2018-09-04 | $0.14 | quarterly | 2018-09-26 |
2018-05-02 | $0.14 | quarterly | 2018-05-25 |
2018-02-14 | $0.14 | quarterly | 2018-03-13 |
2017-10-26 | $0.13 | quarterly | 2017-11-14 |
2017-08-31 | $0.13 | quarterly | 2017-09-26 |
2017-05-19 | $0.12 | quarterly | 2017-06-15 |
2017-02-13 | $0.12 | quarterly | 2017-03-13 |
2016-10-26 | $0.10 | quarterly | |
2016-08-31 | $0.11 | quarterly | |
2016-05-16 | $0.11 | quarterly | |
2016-02-12 | $0.10 | quarterly | |
2015-11-04 | $0.09 | quarterly | |
2015-08-28 | $0.09 | quarterly | |
2015-05-19 | $0.10 | quarterly | |
2015-02-13 | $0.10 | quarterly | |
2014-11-05 | $0.26 | quarterly | |
2014-08-28 | $0.28 | quarterly | |
2014-05-13 | $0.28 | quarterly | |
2014-02-13 | $0.27 | quarterly |
Metro Dividend per year
Metro Dividend growth
Metro Dividend Yield
Metro current trailing twelve-month (TTM) dividend yield is 1.6%. Interested in purchasing Metro stock? Use our calculator to estimate your expected dividend yield:
Metro Financial Ratios
Metro Dividend FAQ
Other factors to consider when evaluating Metro as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Metro's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Metro publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Metro distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Metro are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Metro sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Metro distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Metro declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Metro's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Metro's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.