TMX Group Limited (TSE:X) Raises Dividend to $0.24 Per Share

TMX Group Limited (TSE:X) declared a quarterly dividend on Friday, February 20th, TickerTech Dividends reports. Investors of record on Friday, March 6th will be given a dividend of 0.24 per share on Friday, March 6th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. This is a 9.1% increase from TMX Group’s previous quarterly dividend of $0.22.

TMX Group Stock Down 0.7%

Shares of TSE:X traded down C$0.33 during trading hours on Wednesday, reaching C$44.27. The stock had a trading volume of 27,872 shares, compared to its average volume of 714,444. The stock has a market capitalization of C$12.32 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 12.65 and a beta of -0.20. The firm’s 50 day moving average is C$50.16 and its 200-day moving average is C$51.93. TMX Group has a 1 year low of C$44.27 and a 1 year high of C$57.98. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The company had revenue of C$457.80 million during the quarter. Research analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on X shares. TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Barclays reduced their price target on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. Raymond James Financial raised shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the company from C$59.00 to C$61.00 in a research note on Monday, February 9th. Royal Bank Of Canada cut their target price on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Finally, Scotiabank set a C$70.00 price objective on shares of TMX Group and gave the company a “sector perform” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$60.67.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.