Thomson Reuters Co. (TSE:TRI) Plans $0.60 Quarterly Dividend

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, February 20th will be given a dividend of 0.595 per share on Monday, March 10th. This represents a $2.38 annualized dividend and a dividend yield of 1.00%.

Thomson Reuters Stock Down 1.2 %

Shares of TSE TRI opened at C$237.57 on Thursday. The company has a 50 day simple moving average of C$234.03 and a 200 day simple moving average of C$230.18. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a 1 year low of C$200.00 and a 1 year high of C$247.58. The firm has a market cap of C$106.84 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. On average, research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRI. TD Securities upped their target price on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. 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, November 6th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Six 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.