metro inc (MTRAF) Key Developments
Metro Inc. Appoints Ral Raymond as Chair of the Board of Directors
Feb 4 15
Metro Inc. announced the appointment of Mr. Ral Raymond as Chair of the Board of Directors. Mr. Raymond first joined the Board of Metro in 2008, and has been Lead Director and Chair of the Human Resources Committee since 2010. He spent his entire career at National Bank of Canada, where he was President and Chief Executive Officer from 2002 to 2007. He is a director and Chair of the Board of Directors of Heroux-Devtek Inc. and a director of Sun Life Financial Inc.
Metro Inc. Approves Board Appointments
Jan 28 15
Metro Inc. announced at AGM held on January 27, 2015, the shareholders of the company approved the election of Maryse Bertrand, Stephanie Coyles and Réal Raymond to its board of directors.
Metro Inc. Declares Quarterly Dividend Payable March 16, 2015
Jan 27 15
On January 26, 2015, Metro Inc.'s board of directors declared a quarterly dividend of $0.35 per Common Share payable March 16, 2015, an increase of 16.7% over the current quarterly dividend of $0.30. On an annualized basis, this dividend represents approximately 25% of 2014 adjusted net earnings, compared to the percentages of the previous two fiscal years which were 22% and 20%, in accordance with the new payout target communicated to shareholders in January 2014.
Metro Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 20, 2014
Jan 27 15
Metro Inc. reported consolidated earnings results for the first quarter ended December 20, 2014. For the quarter, the company reported sales of CAD 2,840.5 million compared with CAD 2,701.3 million for the same period last year. Adjusted operating income before depreciation and amortization and associate's earnings was CAD 190.0 million compared with CAD 177.5 million for the same period last year. Net earnings were CAD 112.5 million or CAD 1.30 diluted per share compared with CAD 99.2 million or CAD 1.06 diluted per share for the same period last year. Adjusted net earnings were CAD 116.8 million or CAD 1.35 diluted per share compared with CAD 103.9 million or CAD 1.11 diluted per share for the same period last year. Operating income before depreciation and amortization and associate's earnings was CAD 190.0 million compared to CAD 171.1 million a year ago.
Metro Inc. to Report Q1, 2015 Results on Jan 27, 2015
Jan 12 15
Metro Inc. announced that they will report Q1, 2015 results at 3:00 PM, Eastern Standard Time on Jan 27, 2015