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 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 dividend yield of 1.30%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded down $5.58 on Wednesday, reaching $165.56. 199,681 shares of the stock were exchanged, compared to its average volume of 355,042. The firm’s 50 day moving average is $168.79 and its 200-day moving average is $166.61. The firm has a market cap of $74.48 billion, a PE ratio of 31.85, a P/E/G ratio of 5.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88. Thomson Reuters has a one year low of $127.68 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data 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 33.65% and a return on equity of 15.22%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Thomson Reuters will post 3.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TRI has been the subject of several research reports. Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.