Thomson Reuters Corp (TRI) Plans $0.35 Quarterly Dividend
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Tuesday, August 1st, Zacks reports. Shareholders of record on Thursday, August 17th will be paid a dividend of 0.345 per share on Friday, September 15th. This represents a $1.38 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 15th.
Thomson Reuters Corp (TRI) opened at 59.66 on Thursday. The stock has a market cap of $43.02 billion and a P/E ratio of 14.65. The firm’s 50-day moving average is $59.19 and its 200 day moving average is $58.75. Thomson Reuters Corp has a one year low of $52.01 and a one year high of $62.83.
In other Thomson Reuters Corp news, Director Peter Warwick sold 7,994 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of C$44.50, for a total value of C$355,733.00. Also, insider Stephane Bello sold 78,800 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of C$47.58, for a total value of C$3,749,304.00. Insiders sold a total of 195,087 shares of company stock worth $9,204,053 in the last 90 days.
A number of research analysts have recently issued reports on the company. TD Securities decreased their target price on Thomson Reuters Corp to C$77.00 and set a “hold” rating on the stock in a research report on Thursday, July 20th. Scotiabank reiterated a “sector perform” rating and set a C$43.00 target price on shares of Thomson Reuters Corp in a research report on Tuesday, April 25th. Macquarie increased their target price on Thomson Reuters Corp from C$49.90 to C$70.00 in a research report on Thursday, June 15th. National Bank Financial upgraded Thomson Reuters Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, April 17th. Finally, Berenberg Bank reiterated a “sell” rating and set a C$50.00 target price on shares of Thomson Reuters Corp in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$57.38.
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About Thomson Reuters Corp
Thomson Reuters Corporation provides news and information for professional markets worldwide. It operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The company sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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