Thomson Reuters Corp (TRI) To Go Ex-Dividend on August 19th

Thomson Reuters Corp (NASDAQ:TRI) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.655 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 19th.

Thomson Reuters has decreased its dividend by an average of 0.1%per year over the last three years. Thomson Reuters has a payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Thomson Reuters to earn $5.07 per share next year, which means the company should continue to be able to cover its $2.62 annual dividend with an expected future payout ratio of 51.7%.

Thomson Reuters Stock Performance

Shares of NASDAQ TRI opened at $98.61 on Thursday. Thomson Reuters has a 1 year low of $76.28 and a 1 year high of $203.43. The firm has a market cap of $42.96 billion, a P/E ratio of 28.69, a PEG ratio of 1.62 and a beta of 0.75. The stock has a fifty day moving average price of $88.60 and a two-hundred day moving average price of $93.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Research analysts forecast that Thomson Reuters will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TRI shares. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Argus began coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Barclays reissued an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.92.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.