Thomson Reuters Co. (TSE:TRI) Increases Dividend to $0.73 Per Share

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.73 per share on Tuesday, December 10th. This represents a $2.92 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20.

Thomson Reuters Stock Down 0.6 %

TRI stock opened at C$224.48 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The company’s 50-day moving average price is C$231.11 and its 200 day moving average price is C$228.85. Thomson Reuters has a 52 week low of C$185.73 and a 52 week high of C$242.92. The company has a market cap of C$100.95 billion, a P/E ratio of 31.66, a P/E/G ratio of 3.64 and a beta of 0.40.

Wall Street Analyst Weigh In

TRI has been the topic of several research analyst reports. TD Securities boosted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. National Bankshares boosted their price objective on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. Over the last 90 days, insiders sold 14,128 shares of company stock valued at $3,155,777. Company insiders own 69.76% of the company’s stock.

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.