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

Key Points

• Thomson Reuters Co. has declared a quarterly dividend of C$0.60 per share, payable on September 10, 2023, to investors of record as of August 19, 2023.
• The company's stock price fell by 8.4% to C$252.06, with a market capitalization of C$79.63 billion and a P/E ratio of 37.95.
• Analyst ratings for Thomson Reuters vary, with an average target price of C$269.80 and a rating of "Moderate Buy" based on multiple research reports.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Tuesday, August 19th will be given a dividend of 0.595 per share on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a yield of 1.0%.

Thomson Reuters Stock Down 0.9%

TRI stock traded down C$2.31 on Friday, reaching C$247.39. 313,697 shares of the company traded hands, compared to its average volume of 356,994. Thomson Reuters has a one year low of C$217.85 and a one year high of C$299.24. The company has a market cap of C$78.15 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The firm has a fifty day simple moving average of C$271.92 and a 200-day simple moving average of C$258.24. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.