Thomson Reuters Co. (TSE:TRI) to Issue $0.60 Quarterly Dividend

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.595 per share on Monday, March 10th. This represents a $2.38 annualized dividend and a dividend yield of 0.94%.

Thomson Reuters Trading Up 6.6 %

Shares of Thomson Reuters stock opened at C$253.21 on Friday. Thomson Reuters has a 1 year low of C$200.29 and a 1 year high of C$255.65. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a fifty day moving average price of C$234.26 and a 200 day moving average price of C$230.23. The stock has a market cap of C$113.87 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the previous year, the company earned $0.98 earnings per share. Equities research analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRI. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Finally, TD Securities boosted their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$197.50.

About Thomson Reuters

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.