Thomson Reuters Co. (TRI) to Issue Quarterly Dividend of $0.66 on March 10th

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.655 per share by the business services provider on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 10.1% increase from Thomson Reuters’s previous quarterly dividend of $0.60.

Thomson Reuters has raised its dividend payment by an average of 0.0%annually over the last three years. Thomson Reuters has a dividend payout ratio of 64.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thomson Reuters to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.38 annual dividend with an expected future payout ratio of 56.0%.

Thomson Reuters Price Performance

Shares of TRI stock traded down $0.34 during trading hours on Friday, reaching $87.97. The company had a trading volume of 2,158,568 shares, compared to its average volume of 1,945,690. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a fifty day moving average of $125.78 and a 200-day moving average of $151.24. The company has a market capitalization of $39.14 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 5.67 and a beta of 0.79. Thomson Reuters has a 12-month low of $85.02 and a 12-month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $1.01 EPS. Thomson Reuters’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. raised its position in Thomson Reuters by 1.5% in the 4th quarter. Griffin Asset Management Inc. now owns 12,471 shares of the business services provider’s stock valued at $1,645,000 after buying an additional 190 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in Thomson Reuters by 18.4% in the 4th quarter. Harvest Portfolios Group Inc. now owns 3,365 shares of the business services provider’s stock valued at $444,000 after buying an additional 524 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Thomson Reuters by 7.5% in the fourth quarter. Profund Advisors LLC now owns 35,033 shares of the business services provider’s stock valued at $4,621,000 after acquiring an additional 2,449 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Thomson Reuters by 41.5% during the fourth quarter. ProShare Advisors LLC now owns 691,067 shares of the business services provider’s stock valued at $91,145,000 after acquiring an additional 202,822 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Thomson Reuters by 5.4% during the 4th quarter. HighTower Advisors LLC now owns 10,607 shares of the business services provider’s stock worth $1,400,000 after purchasing an additional 539 shares during the period. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.