Thomson Reuters Co. (NYSE:TRI) Raises Dividend to $0.66 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.655 per share by the business services provider on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 10.1% increase from Thomson Reuters’s previous quarterly dividend of $0.60.

Thomson Reuters has increased its dividend by an average of 0.0%annually over the last three years. Thomson Reuters has a dividend payout ratio of 64.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Thomson Reuters to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.38 annual dividend with an expected future payout ratio of 56.0%.

Thomson Reuters Stock Down 5.6%

Shares of NYSE:TRI traded down $5.25 during trading on Thursday, hitting $88.31. The stock had a trading volume of 8,583,221 shares, compared to its average volume of 1,939,770. The company has a market capitalization of $39.29 billion, a PE ratio of 18.06, a PEG ratio of 5.67 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $126.70 and its 200 day moving average is $151.68. Thomson Reuters has a 12 month low of $85.02 and a 12 month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.