Thomson Reuters Co. (TSE:TRI) Announces Quarterly Dividend of $0.73

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.73 per share on Tuesday, December 10th. This represents a $2.92 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.20.

Thomson Reuters Stock Performance

Shares of TSE:TRI traded down C$5.06 during trading hours on Wednesday, hitting C$231.81. The stock had a trading volume of 316,156 shares, compared to its average volume of 312,914. The stock's fifty day simple moving average is C$230.59 and its 200 day simple moving average is C$227.45. The firm has a market capitalization of C$104.25 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. Thomson Reuters has a 1-year low of C$176.41 and a 1-year high of C$242.92.

Insiders Place Their Bets

In other news, Director Caroline Rogge sold 339 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. In related news, Director Caroline Rogge sold 339 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders sold 11,711 shares of company stock valued at $2,755,571 over the last quarter. Insiders own 69.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday. TD Securities raised their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday. National Bankshares upped their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Finally, Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$197.50.

About Thomson Reuters

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.