TMX Group Limited Announces Quarterly Dividend of $0.20 (TSE:X)

TMX Group Limited (TSE:X - Get Free Report) announced a quarterly dividend on Friday, May 23rd, TickerTech Dividends reports. Stockholders of record on Friday, June 6th will be paid a dividend of 0.20 per share on Friday, June 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, May 23rd.

TMX Group Stock Up 0.3%

X stock traded up C$0.15 during midday trading on Wednesday, reaching C$55.96. The company had a trading volume of 15,285 shares, compared to its average volume of 517,656. TMX Group has a 1 year low of C$35.65 and a 1 year high of C$56.89. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The company has a market capitalization of C$15.56 billion, a P/E ratio of 32.30, a PEG ratio of 12.65 and a beta of 0.43. The company has a 50 day moving average of C$52.44 and a two-hundred day moving average of C$48.40.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of TMX Group from C$55.00 to C$56.00 in a report on Wednesday, May 7th. Canaccord Genuity Group increased their price objective on shares of TMX Group from C$52.00 to C$58.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. CIBC increased their price objective on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. National Bankshares raised their price target on shares of TMX Group from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Finally, BMO Capital Markets raised their price target on shares of TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$55.13.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.