METRO increases its’ dividend by 16.1%

On January 23, 2017, the Metro’s (MRU:TSX) Board of Directors declared a quarterly dividend of $0.1625 per Common Share payable March 13, 2017, an increase of 16.1% over the dividend declared for the same quarter last year. On an annualized basis, this dividend represents approximately 25% of 2016 net earnings, in accordance with the payout target communicated to shareholders in January 2014.

Source: Metro