Thomson Reuters Co. (TRI) to Issue Quarterly Dividend of $0.60 on March 10th

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Thursday, February 20th will be given a dividend of 0.595 per share by the business services provider on Monday, March 10th. This represents a $2.38 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Stock Performance

TRI opened at $176.56 on Friday. The company has a market capitalization of $79.45 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 5.59 and a beta of 0.73. The business’s 50-day moving average price is $163.98 and its two-hundred day moving average price is $165.41. Thomson Reuters has a 1 year low of $149.14 and a 1 year high of $178.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Equities analysts expect that Thomson Reuters will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday. Finally, CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $182.09.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.