TMX Group Limited (TSE:X) Increases Dividend to $0.20 Per Share

TMX Group Limited (TSE:X - Get Free Report) announced a quarterly dividend on Friday, February 21st, TickerTech Dividends reports. Investors of record on Friday, March 7th will be paid a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from TMX Group's previous quarterly dividend of $0.19.

TMX Group Stock Up 0.2 %

X stock traded up C$0.12 during trading on Friday, hitting C$50.29. 563,851 shares of the stock traded hands, compared to its average volume of 384,844. TMX Group has a 1 year low of C$33.41 and a 1 year high of C$51.05. The firm's 50 day moving average is C$46.06 and its two-hundred day moving average is C$44.22. The stock has a market cap of C$13.99 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. Insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

X has been the topic of a number of recent analyst reports. National Bankshares raised their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. CIBC raised their price target on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. TD Securities increased their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, Barclays increased their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$47.19.

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About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.