Thomson Reuters Co. (NYSE:TRI) Announces Quarterly Dividend of $0.60

Key Points

• Thomson Reuters Co. announced a quarterly dividend of $0.60 per share, with stockholders of record set to be paid on September 10th.
• The company reported earnings per share of $0.87 for the last quarter, exceeding analysts' expectations of $0.83, and achieved a revenue of $1.81 billion.
• Thomson Reuters' stock saw a rise of 0.9%, trading at $181.56, with a market capitalization of $81.82 billion.

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI announced a quarterly dividend on Tuesday, August 5th, NASDAQ Dividends reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.595 per share by the business services provider on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 19th.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded down $4.33 during trading on Monday, reaching $175.63. 237,923 shares of the company traded hands, compared to its average volume of 853,627. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $79.15 billion, a PE ratio of 35.91, a P/E/G ratio of 5.67 and a beta of 0.77. The firm has a 50 day simple moving average of $198.75 and a 200-day simple moving average of $185.23. Thomson Reuters has a 52-week low of $151.60 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities research analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current year.

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.