Thomson Reuters Co. (NYSE:TRI) Increases Dividend to $0.54 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends 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 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15.

Thomson Reuters Stock Down 0.3 %

Shares of TRI opened at $160.74 on Wednesday. The business’s 50 day simple moving average is $168.07 and its 200-day simple moving average is $167.37. Thomson Reuters has a 1 year low of $136.93 and a 1 year high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $72.32 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate 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 net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. As a group, equities analysts expect that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRI shares. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.33.

Thomson Reuters Company Profile

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.