Market dataIncome framework read
Dividend CompanyTSXCanada

MRU.TO

Metro

Consumer StaplesPlain dividendQuarterly

Market Snapshot

$89.71

+$0.40 (44.79%)

Toronto

Yield

1.83%

Rate $1.63

Next Payment

—

Ex-date 2026-09-03

52wk Position

19.71%

-12.27% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

MRU.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

MRU.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.45.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

MRU.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

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

Failed
Cash
$40.75
APR
0.454
Coverage
0.454

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$40.75
Cushion
-$48.96
Cushion %
-54.58%
Current $89.71Break $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

1mo ago

DRIP availability

Likely available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Long, consistent growth

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Growing

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure 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.

Market Data

Market data

Updated facts where available

Price

$89.71

Previous close

$89.31

Day range

$88.95 - $89.92

52wk range

$86.63 - $102.26

Market cap

18.8B

Volume

771.2K

Avg volume

555K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.63

Trailing rate

$1.59

Forward yield

1.83%

Trailing yield

1.78%

Per payment

$0.41

Cadence

Quarterly

Next ex-date

Sep 3, 2026

Next pay

Sep 23, 2026

Last dividend

$0.41

Last dividend date

May 13, 2026

Performance

Daily change

$0.40

Daily change %

44.79%

52wk position

19.71%

Below 52wk high

-12.27%

Above 52wk low

3.56%

Open

$89.00

Earnings and financials

Trailing EPS

4.21

Forward EPS

5.47

Revenue

22.5B

Revenue growth

N/A

Profit margin

4.00%

Operating margin

6.80%

Payout ratio

N/A

Free cash flow

767.6M

Total cash

217.8M

ROE

12.76%

ROA

6.05%

Debt/equity

80.69

Beta

0.36

Valuation

Trailing P/E

21.31

Forward P/E

16.39

Price/sales

0.84

Price/book

3.81

Enterprise value

27.2B

EV/EBITDA

14.93

Analyst facts

Target mean

$98.90

Target high

$110.00

Target low

$86.00

Recommendation mean

2.6

Recommendation key

hold

Analysts

10

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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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.