Thomson Reuters Co. (NYSE:TRI) Declares Dividend Increase - $0.54 Per Share

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.54 per share by the business services provider on Tuesday, December 10th. This represents a $2.16 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15.

Thomson Reuters Price Performance

Shares of TRI stock traded down $4.85 on Wednesday, reaching $166.29. 529,574 shares of the company were exchanged, compared to its average volume of 356,576. Thomson Reuters has a 1 year low of $127.68 and a 1 year high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50-day moving average price of $168.71 and a 200 day moving average price of $166.61. The company has a market cap of $74.81 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 5.55 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities research analysts forecast that Thomson Reuters will post 3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRI shares. JPMorgan Chase & Co. lifted their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. Scotiabank upped their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $176.33.

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.