Thomson Reuters Co. (NYSE:TRI) to Issue Dividend Increase – $0.60 Per Share

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 given a dividend of 0.595 per share by the business services provider on Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Price Performance

NYSE:TRI opened at $173.93 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $179.45. The firm has a market cap of $78.27 billion, a P/E ratio of 35.57, a PEG ratio of 5.59 and a beta of 0.73. The business’s 50-day moving average price is $165.24 and its 200 day moving average price is $166.05.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, sell-side analysts predict that Thomson Reuters will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRI. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $182.09.

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.