TMX Group Limited (TSE:X) Announces Quarterly Dividend of $0.26

Key Points

• TMX Group raised its quarterly dividend 8.3% to C$0.26 per share, payable August 28 to shareholders of record that day; the dividend yield is approximately 2.0%.
• In its latest quarter, TMX Group reported C$0.62 in EPS and C$487.5 million in revenue, with a 16.84% net margin and 3.81% return on equity.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of C$65.28, compared with the stock’s reported trading price of C$53.04.

TMX Group Limited (TSE:X - Get Free Report) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Friday, August 28th will be paid a dividend of 0.26 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a 8.3% increase from TMX Group's previous quarterly dividend of $0.24.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.22 during trading on Wednesday, reaching C$53.04. 16,792 shares of the company's stock traded hands, compared to its average volume of 875,012. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.46. The company has a 50 day moving average of C$49.57 and a 200-day moving average of C$49.97. The stock has a market capitalization of C$14.61 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 12.65 and a beta of -0.15.

TMX Group (TSE:X - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. TMX Group had a net margin of 16.84% and a return on equity of 3.81%. The firm had revenue of C$487.50 million for the quarter. On average, equities analysts expect that TMX Group will post 1.7708421 EPS for the current year.

Wall Street Analysts Forecast Growth

X has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on TMX Group from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Canaccord Genuity Group raised their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the company a "buy" rating in a research note on Monday, June 15th. National Bank Financial upgraded shares of TMX Group from a "hold" rating to an "outperform" rating and dropped their price target for the stock from C$65.00 to C$63.00 in a research report on Monday, July 27th. Royal Bank Of Canada boosted their target price on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an "outperform" rating in a report on Monday, June 15th. Finally, Raymond James Financial cut their target price on shares of TMX Group from C$65.25 to C$64.50 and set a "strong-buy" rating for the company in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$65.28.

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.

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