Thomson Reuters Co. (NYSE:TRI) Announces Dividend Increase – $0.54 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.54 per share by the business services provider on Tuesday, December 10th. This represents a $2.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15.

Thomson Reuters Stock Down 2.8 %

Thomson Reuters stock opened at $166.29 on Thursday. The company has a 50-day simple moving average of $168.71 and a 200-day simple moving average of $166.61. Thomson Reuters has a one year low of $127.68 and a one year high of $176.03. The firm has a market capitalization of $74.81 billion, a P/E ratio of 31.92, a P/E/G ratio of 5.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities analysts expect that Thomson Reuters will post 3.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Scotiabank upped their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $176.33.

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.