Latest news for Metro (OTC:MTRAF) Stock

Metro

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.

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Stocks That Hit 52-Week Highs On Monday

Earnings

Metro Posts Higher Q4 Profit

Metro Inc

On August 10, 2021, Metro (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTRAF#OTC">MTRAF</a>) declared a dividend payable on September 22, 2021 to its shareholders. Metro also announced that shareholders on the company's books on or before September 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Metro is set for August 31, 2021. The company's current dividend payout sits at $0.25, equating to a dividend yield of 1.95% at current price levels. 
<h2>Understanding Ex-Dividend Dates'</h2>
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. 
<h2>Metro's Dividend Payouts And Yields</h2>
Over the past year, Metro has seen its dividend payouts and yields climb upward overall. Last year (September 1, 2020), the company's payout sat at $0.23, which has since increased by $0.02. Metro's dividend yield last year was 1.58%, which has since grown by 0.37%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. 
To read more news on Metro <a href="https://www.benzinga.com/stock/mtraf/">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Ex-Dividend Date Insight: Metro

Metro (OTC: <a class="ticker" href="/stock/mtraf#OTC">MTRAF</a>) reported a rise in its earnings for the fourth quarter.
The Canadian company posted quarterly net income of C$115.6 million ($101.8 million), or C$1.32 per share, compared to C$79.5 million, or 83 Canadian cents per share, in the year-ago period. The year-ago quarter included a C$29.4 million charge related to the reorganization of Ontario store network.
Its revenue climbed 3.9% to C$2.71 billion. However, analysts were projecting a profit of C$1.27 per share on revenue of C$2.66 billion.
Metro's same-store sales increased 3.1% in the quarter.
Gross margin on sales widened to 19.3% in the quarter from 19.2%.
Operating income before depreciation and amortization and associate's earnings rose to C$188.4 million in the quarter, up from C$143.7 million. 
"We delivered strong fourth quarter results which confirms that our customer-first strategies are gaining traction in our very competitive industry. We are encouraged by the improved sales performance across all banners. We completed the acquisition of Première Moisson in the fourth quarter and we will continue to invest in our network and execute our business plans to pursue our growth", stated Eric R. La Flèche, President and Chief Executive Officer.

Metro (OTC: <a class="ticker" href="/stock/mtraf#OTC">MTRAF</a>) reported a rise in its fourth-quarter earnings. 

Metro's quarterly net earnings surged to C$145.1 million, or C$1.46 per share, from C$84.4 million, or 83 Canadian cents per share, in the year-ago period.

Its sales climbed 11.1% to C$2.94 billion, while sales at stores open at least a year increased 1.1%.

Metro shares closed at $58.12 yesterday.

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JSAIY

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On August 10, 2021, Metro (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTRAF#OTC">MTRAF</a>) declared a dividend payable on September 22, 2021 to its shareholders. Metro also announced that shareholders on the company's books on or before September 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Metro is set for August 31, 2021. The company's current dividend payout sits at $0.25, equating to a dividend yield of 1.95% at current price levels. 
<h2>Understanding Ex-Dividend Dates'</h2>
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. 
<h2>Metro's Dividend Payouts And Yields</h2>
Over the past year, Metro has seen its dividend payouts and yields climb upward overall. Last year (September 1, 2020), the company's payout sat at $0.23, which has since increased by $0.02. Metro's dividend yield last year was 1.58%, which has since grown by 0.37%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. 
To read more news on Metro <a href="https://www.benzinga.com/stock/mtraf/">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Metro (OTC: <a class="ticker" href="/stock/mtraf#OTC">MTRAF</a>) reported a rise in its earnings for the fourth quarter.

The Canadian company posted quarterly net income of C$115.6 million ($101.8 million), or C$1.32 per share, compared to C$79.5 million, or 83 Canadian cents per share, in the year-ago period. The year-ago quarter included a C$29.4 million charge related to the reorganization of Ontario store network.

Its revenue climbed 3.9% to C$2.71 billion. However, analysts were projecting a profit of C$1.27 per share on revenue of C$2.66 billion.

Metro's same-store sales increased 3.1% in the quarter.

Gross margin on sales widened to 19.3% in the quarter from 19.2%.

Operating income before depreciation and amortization and associate's earnings rose to C$188.4 million in the quarter, up from C$143.7 million.
"We delivered strong fourth quarter results which confirms that our customer-first strategies are gaining traction in our very competitive industry. We are encouraged by the improved sales performance across all banners. We completed the acquisition of Première Moisson in the fourth quarter and we will continue to invest in our network and execute our business plans to pursue our growth", stated Eric R. La Flèche, President and Chief Executive Officer.

Metro (OTC: <a class="ticker" href="/stock/mtraf#OTC">MTRAF</a>) reported a rise in its fourth-quarter earnings. 

Metro's quarterly net earnings surged to C$145.1 million, or C$1.46 per share, from C$84.4 million, or 83 Canadian cents per share, in the year-ago period.

Its sales climbed 11.1% to C$2.94 billion, while sales at stores open at least a year increased 1.1%.

Metro shares closed at $58.12 yesterday.

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