Thomson Reuters Co. (NYSE:TRI) Announces Dividend Increase - $0.60 Per Share

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI announced a quarterly dividend on Thursday, February 6th,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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54.

Thomson Reuters Price Performance

Shares of TRI traded down $0.31 during mid-day trading on Tuesday, reaching $178.63. The company had a trading volume of 452,328 shares, compared to its average volume of 362,657. The company's 50 day simple moving average is $164.55 and its 200 day simple moving average is $165.62. Thomson Reuters has a 1-year low of $149.50 and a 1-year high of $179.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted 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 net margin of 30.45% and a return on equity of 14.78%. Analysts expect that Thomson Reuters will post 3.96 EPS for the current year.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Royal Bank of Canada raised their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.