Thomson Reuters Co. (NYSE:TRI) Raises Dividend to $0.60 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders 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 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Trading Down 0.3 %

NYSE TRI traded down $0.49 during trading hours on Friday, reaching $176.41. The company had a trading volume of 238,511 shares, compared to its average volume of 349,731. The stock has a 50-day moving average of $163.98 and a 200 day moving average of $165.41. Thomson Reuters has a 1-year low of $149.14 and a 1-year high of $178.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $79.39 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 5.31 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. As a group, research analysts anticipate that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada raised their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus 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.