TMX Group Limited (X) to Issue Quarterly Dividend of $0.19 on November 29th

TMX Group Limited (TSE:X) announced a quarterly dividend on Friday, November 15th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.19 per share on Friday, November 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, November 15th.

TMX Group Price Performance

Shares of TSE:X opened at C$45.38 on Wednesday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The company has a market cap of C$12.60 billion, a P/E ratio of 30.87, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a 52 week low of C$28.52 and a 52 week high of C$45.92. The company has a 50-day moving average price of C$43.36 and a 200 day moving average price of C$40.51.

TMX Group (TSE:X) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The company had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. Research analysts predict that TMX Group will post 1.7708421 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on X. Scotiabank raised their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. BMO Capital Markets raised their price objective on shares of TMX Group from C$46.00 to C$50.00 in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. CIBC lifted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Finally, TD Securities lifted their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$44.81.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is currently owned by company insiders.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.