Metro Inc T.MRU

Alternate Symbol(s): MTRAF

Consumer Defensive Grocery Stores

Metro Inc. is a food and pharmacy retailer and distributor company. The Company, through its activities as a retailer, franchisor or distributor, and manufacturer operates or services a network of supermarkets, discount stores and pharmacies. It operates approximately 980 food stores under several banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. The Metro banner, with its 328 stores including 120 Metro Plus stores in Quebec, is a supermarket chain. The Super C banner operates 103 discount stores in Quebec and offers a range of grocery products. Food Basics is a discount store providing quality products to customers in 144 locations across Ontario. Its Food Basics Pharmacy is a full-service pharmacy and offers professional services, such as health reminders and medical profiles, among others. It also provides e-commerce services.

TSX:MRU - Post by User

Metro Inc > Good numbers nice 11.1% dividend raise

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Comment by BlueGuitar1on Jan 26, 2021 11:27pm

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Post# 32396298

RE:Good numbers nice 11.1% dividend raise

tbnorthstar wrote: If I am going to buy my groceries at Metro I may as well get paid back by them in the form of dividends. A small, but growing consolation....MRU, is an excellent defensive stock to own.

Go figure, Metro has a great quarter and it drops in price today, and Loblaw goes up? I agree with you that Metro is a nice defensive stock. IMO, this pandemic will be with us for at least 4 waves and that takes us into 2023.

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