Thomson Reuters Co. (NYSE:TRI) to Issue $0.54 Quarterly Dividend

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Thursday, May 16th will be given a dividend of 0.54 per share by the business services provider on Monday, June 10th. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 15th.

Thomson Reuters Price Performance

TRI traded up $1.78 during trading on Friday, hitting $164.74. The company's stock had a trading volume of 615,548 shares, compared to its average volume of 325,121. Thomson Reuters has a twelve month low of $117.46 and a twelve month high of $166.11. The firm has a market capitalization of $74.35 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 3.94 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $155.25 and its 200 day simple moving average is $146.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters will post 3.58 EPS for the current fiscal year.

Analysts Set New Price Targets

TRI has been the subject of several research reports. CIBC boosted their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $152.00 to $163.00 and gave the company a "neutral" rating in a research note on Friday. Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a research report on Friday. Finally, UBS Group boosted their price target on shares of Thomson Reuters from $177.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $164.31.

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.