On January 25, 2016, METRO INC. declared quarterly dividend of $0.14 per common share payable March 15, 2016, an increase of 20.0% over the dividend declared for the same quarter last year. On an annualized basis, this dividend represents approximately 25% of 2015 adjusted net earnings, compared to the percentages of the previous two fiscal years which were 24% and 22%, in accordance with the payout target communicated to shareholders in January 2014.