TMX Group Limited (TSE:X) Increases Dividend to $0.22 Per Share

Key Points

• TMX Group Limited has announced a 10% increase in its quarterly dividend, raising it from $0.20 to $0.22 per share.
• The company's stock currently has a market capitalization of C$15.72 billion and a consensus rating of "Hold" from analysts.
• Analysts from various firms have raised their price targets for TMX Group's shares, with the average target now at C$59.81.

TMX Group Limited (TSE:X - Get Free Report) declared a quarterly dividend on Friday, August 15th, TickerTech Dividends reports. Investors of record on Friday, August 29th will be given a dividend of 0.22 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 15th. This is a 10.0% increase from TMX Group's previous quarterly dividend of $0.20.

TMX Group Stock Up 0.4%

Shares of TMX Group stock traded up C$0.22 on Friday, reaching C$56.92. The company's stock had a trading volume of 674,497 shares, compared to its average volume of 487,422. The company has a market capitalization of C$15.83 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 12.65 and a beta of 0.43. The firm's fifty day simple moving average is C$56.32 and its two-hundred day simple moving average is C$53.55. TMX Group has a 52 week low of C$41.50 and a 52 week high of C$57.98. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

Analyst Ratings Changes

Several analysts recently commented on the company. Raymond James Financial lifted their price objective on TMX Group from C$59.00 to C$62.50 and gave the stock an "outperform" rating in a report on Friday, August 1st. CIBC lifted their price objective on TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. TD Securities lifted their price objective on TMX Group from C$57.00 to C$58.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. BMO Capital Markets lifted their price objective on TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, National Bankshares lifted their price objective on TMX Group from C$58.00 to C$59.00 and gave the stock a "sector perform" rating in a report on Monday, August 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$59.81.

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.