Thomson Reuters Co. (TSE:TRI) to Issue Quarterly Dividend of $0.60

Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.595 per share on Monday, March 10th. This represents a $2.38 annualized dividend and a yield of 1.00%.

Thomson Reuters Price Performance

TSE TRI opened at C$237.57 on Thursday. The company has a market cap of C$106.84 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm’s 50-day simple moving average is C$234.03 and its two-hundred day simple moving average is C$230.18. Thomson Reuters has a 52 week low of C$200.00 and a 52 week high of C$247.58.

Thomson Reuters (TSE:TRIGet Free Report) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Research analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRI. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. BMO Capital Markets lifted their target price on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

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About Thomson Reuters

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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.

See Also

Dividend History for Thomson Reuters (TSE:TRI)

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