TMX Group Limited (TSE:X) Increases Dividend to $0.20 Per Share

TMX Group Limited (TSE:X) declared a quarterly dividend on Friday, February 21st,TickerTech Dividends reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19.

TMX Group Stock Performance

TMX Group stock opened at C$50.61 on Wednesday. The company has a market cap of C$14.08 billion, a PE ratio of 29.21, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a fifty day moving average price of C$45.68 and a two-hundred day moving average price of C$44.01. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a 12 month low of C$33.41 and a 12 month high of C$51.05.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. National Bankshares lifted their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Barclays boosted their price target on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities boosted their price target on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Finally, CIBC boosted their price target on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, TMX Group presently has an average rating of “Hold” and a consensus price target of C$47.19.

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.