April 16 Canadian grocer Metro Inc posted a higher-than-expected profit for the second quarter and the company raised its quarterly dividend by 20 percent.
Metro reported earnings of C$1.07 per share from continuing operations for the quarter ended March 15.
Analysts on average had expected C$1.02 per share, according to Thomson Reuters I/B/E/S.
Metro raised its quarterly dividend to 30 Canadian cents per share. (Reporting by Sneha Banerjee in Bangalore; Editing by Kirti Pandey)