Thomson Reuters Corp (TRI) to Issue $0.35 Quarterly Dividend
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Tuesday, October 31st, NASDAQ reports. Stockholders of record on Thursday, November 16th will be given a dividend of 0.345 per share by the business services provider on Friday, December 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, November 15th.
Thomson Reuters Corp has increased its dividend by an average of 1.5% annually over the last three years and has increased its dividend every year for the last 9 years. Thomson Reuters Corp has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thomson Reuters Corp to earn $2.62 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 52.7%.
Thomson Reuters Corp (TRI) opened at $44.61 on Friday. Thomson Reuters Corp has a fifty-two week low of $41.26 and a fifty-two week high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.79. The company has a market cap of $31,500.75, a PE ratio of 17.64, a PEG ratio of 2.16 and a beta of 0.74.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. analysts anticipate that Thomson Reuters Corp will post 2.45 earnings per share for the current fiscal year.
Several brokerages recently weighed in on TRI. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $45.00 price objective on shares of Thomson Reuters Corp and gave the company a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley lifted their price objective on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Canaccord Genuity reiterated a “hold” rating and issued a $46.00 price objective on shares of Thomson Reuters Corp in a research report on Wednesday, November 1st. Finally, Credit Suisse Group cut their price objective on shares of Thomson Reuters Corp from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.31.
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About Thomson Reuters Corp
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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