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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.73 per share on Tuesday, December 10th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.26%. 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 Performance

Shares of TSE:TRI opened at C$231.81 on Thursday. The business’s 50 day moving average price is C$230.59 and its 200-day moving average price is C$227.45. Thomson Reuters has a 1 year low of C$176.41 and a 1 year high of C$242.92. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market capitalization of C$104.25 billion, a PE ratio of 32.70, a P/E/G ratio of 3.64 and a beta of 0.40.

Insiders Place Their Bets

In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. In related news, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders sold a total of 11,711 shares of company stock valued at $2,755,571 over the last quarter. 69.76% of the stock is owned by insiders.

Analysts Set New Price Targets

TRI has been the subject of a number of research reports. National Bankshares upped their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. TD Securities raised their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday. BMO Capital Markets upped their price target on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. 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 company’s stock. According to MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of C$197.50.

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.