TMX Group Limited (TSE:X) Shares to Pay Quarterly Dividend of $0.26

Key Points

• TMX Group declared a quarterly dividend of C$0.26 per share, equivalent to C$1.04 annually and a 1.7% yield. The ex-dividend date and stated record/payment date are November 13 and November 27, respectively.
• The company reported quarterly EPS of C$0.63 on revenue of C$491.1 million; analysts expect full-year EPS of C$1.77.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of C$67.25, with one Strong Buy, six Buy, and one Hold rating.

TMX Group Limited (TSE:X - Get Free Report) declared a quarterly dividend on Friday, November 13th. Investors of record on Friday, November 27th will be given a dividend of $0.26 per share on Friday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 13th.

TMX Group Stock Performance

TSE:X opened at C$62.64 on Wednesday. The company has a market cap of C$17.23 billion, a P/E ratio of 29.55, a P/E/G ratio of 12.65 and a beta of -0.18. The stock's fifty day moving average price is C$55.16 and its two-hundred day moving average price is C$51.54. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$63.06. The company has a debt-to-equity ratio of 57.61, a current ratio of 10.13 and a quick ratio of 0.01.

TMX Group (TSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$0.63 EPS for the quarter. The firm had revenue of C$491.10 million during the quarter. TMX Group had a return on equity of 3.71% and a net margin of 30.56%. As a group, analysts expect that TMX Group will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on X shares. Raymond James Financial raised their target price on TMX Group from C$64.50 to C$69.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 30th. RBC Dominion Securities reduced their target price on TMX Group from C$69.00 to C$67.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. Canaccord Genuity Group upped their price target on TMX Group from C$64.00 to C$65.00 and gave the company a "buy" rating in a research report on Wednesday, October 14th. Royal Bank Of Canada increased their price target on shares of TMX Group from C$67.00 to C$75.00 and gave the stock an "outperform" rating in a report on Monday, November 2nd. Finally, National Bank Financial raised their price objective on shares of TMX Group from C$64.00 to C$67.00 and gave the company an "outperform" rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$67.25.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

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