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Derived from payout historyIncome reliability
Quarterly income profile is visible
MRU.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
MRU.TO
Metro
Consumer StaplesPlain dividendQuarterly
Market Snapshot
$89.09
-$0.69 (-0.77%)
Toronto
Yield
1.83%
Rate $1.63
Next Payment
—
Ex-date 2026-10-22
52wk Position
16.77%
-12.05% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $40.75
- APR
- 0.457
- Coverage
- 0.457
Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.
Price Creep
Defended price ceiling
- Max defended
- $40.75
- Cushion
- -$48.34
- Cushion %
- -54.26%
Current $89.09Break $40.75
Smart Recommendation
MRU.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
2mo agoDRIP availability
Likely available
2mo agoTax character
Eligible dividend
2mo agoDistribution history
Long, consistent growth
2mo agoStructure complexity
Simple
2mo agoIncome trend
Growing
2mo agoAccount suitability
Non-reg: eligible div
2mo agoStructure Overview
Metro Inc. (MRU) is a Canadian grocery and pharmacy retailer with a payout ratio in the low-to-mid 30% range, well covered by both earnings and cash flow. The dividend has grown at roughly 10-13% annually over the past decade, most recently with a confirmed 10.1% quarterly increase. Metro's business is structurally simple — a single grocery/pharmacy retail operation — making it a straightforward comparison point against sector peers like Loblaw.
Canadian Planning Notes
- 1Eligible dividends from Metro qualify for the dividend tax credit in a non-registered account.
- 2DRIP is standard for large-cap TSX dividend payers; confirm optional cash purchase support with your broker before relying on it.
- 3Metro carries moderate leverage (debt estimates vary by methodology) — worth comparing against Loblaw's balance sheet before choosing between the two.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.