Thomson Reuters Co. (TRI) to Issue Quarterly Dividend of $0.54 on December 10th

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders 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 dividend yield of 1.34%. 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 Performance

Shares of TRI stock opened at $161.15 on Tuesday. The stock has a market capitalization of $72.50 billion, a PE ratio of 31.72, a PEG ratio of 5.47 and a beta of 0.73. The business’s 50 day simple moving average is $168.29 and its 200 day simple moving average is $167.40. 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 has a one year low of $136.93 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results 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. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current year.

Wall Street Analyst Weigh In

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