Thomson Reuters Co. (TSE:TRI) Declares Dividend Increase – $0.73 Per Share

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.73 per share on Monday, June 10th. This represents a $2.92 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Stock Up 1.2 %

TSE:TRI opened at C$225.32 on Friday. The stock has a fifty day simple moving average of C$211.18 and a 200-day simple moving average of C$198.08. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01. The company has a market cap of C$101.70 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. Thomson Reuters has a twelve month low of C$159.25 and a twelve month high of C$227.28.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. The company had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. Analysts anticipate that Thomson Reuters will post 4.9537409 EPS for the current year.

Insider Buying and Selling

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. In other news, Director Linda Walker sold 4,750 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TRI has been the subject of a number of research reports. BMO Capital Markets boosted their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a report on Friday, February 9th. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. CIBC increased their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. National Bankshares lifted their price objective on Thomson Reuters from C$217.00 to C$219.00 in a report on Friday. Finally, Canaccord Genuity Group increased their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$183.33.

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.