Thomson Reuters Co. (TRI) to Issue Quarterly Dividend of $0.60 on March 10th

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.595 per share by the business services provider on Monday, March 10th. This represents a $2.38 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Stock Performance

Shares of TRI opened at $173.93 on Tuesday. The business’s fifty day moving average price is $165.24 and its 200 day moving average price is $166.05. Thomson Reuters has a 12-month low of $149.50 and a 12-month high of $179.45. The stock has a market capitalization of $78.27 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Equities research analysts forecast that Thomson Reuters will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRI shares. Scotiabank increased their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and an average target price of $182.09.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.