Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Tuesday, January 30th, Zacks reports. Investors of record on Thursday, February 22nd will be given a dividend of 0.345 per share by the business services provider on Thursday, March 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, February 21st.
Thomson Reuters has increased its dividend by an average of 1.5% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Thomson Reuters has a dividend payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Thomson Reuters to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 67.3%.
Shares of Thomson Reuters (NYSE:TRI) traded down $0.18 on Wednesday, reaching $39.69. 933,205 shares of the company traded hands, compared to its average volume of 1,162,586. The company has a market capitalization of $28,811.05, a price-to-earnings ratio of 20.35, a PEG ratio of 3.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.63 and a current ratio of 0.62. Thomson Reuters has a 52-week low of $38.71 and a 52-week high of $48.61.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.61%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts expect that Thomson Reuters will post 1.71 EPS for the current year.
A number of equities analysts have recently commented on the stock. Scotiabank reissued a “buy” rating and issued a $52.00 price target (down previously from $54.00) on shares of Thomson Reuters in a research report on Wednesday, January 31st. National Bank Financial lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 31st. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group restated a “hold” rating on shares of Thomson Reuters in a research note on Friday, February 9th. Finally, Canaccord Genuity set a $44.00 price target on shares of Thomson Reuters and gave the stock a “hold” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Thomson Reuters has an average rating of “Hold” and a consensus price target of $50.23.
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About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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