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Canada's Metro declares dividend

Canadian food retailer Metro Inc. on Jan. 30 said the company's board of directors declared a quarterly dividend of 18 Canadian cents per common share Jan. 29.

The dividend is payable March 13.

In addition, Metro reported results for the first quarter of fiscal year 2018 ended Dec. 23, 2017. Adjusted fully diluted net earnings per share in the quarter totaled 67 cents, above the 58 cents reported in the prior-year quarter. The S&P Capital IQ consensus normalized EPS estimate for the fiscal first quarter was 58 cents.

The company's adjusted operating income before depreciation and amortization and associates' earnings increased 6.6% to C$231.2 million, from C$216.8 million for the same period in 2017. The S&P Capital IQ consensus estimate for EBITDA was C$219.18 million.