Thomson Reuters Co. (TSE:TRI) Announces Dividend Increase - $0.73 Per Share

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.73 per share on Monday, June 10th. This represents a $2.92 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, May 15th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54.

Thomson Reuters Trading Up 1.2 %

Shares of TSE:TRI traded up C$2.60 during trading on Friday, reaching C$225.32. 290,309 shares of the company were exchanged, compared to its average volume of 252,077. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market capitalization of C$101.70 billion, a PE ratio of 28.92, a P/E/G ratio of 3.64 and a beta of 0.38. The business's fifty day simple moving average is C$211.18 and its 200-day simple moving average is C$198.08. Thomson Reuters has a 12-month low of C$159.25 and a 12-month high of C$227.28.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating analysts' consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. On average, research analysts anticipate that Thomson Reuters will post 4.9537409 EPS for the current year.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. In related news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. 69.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TRI shares. National Bankshares lifted their price objective on shares of Thomson Reuters from C$217.00 to C$219.00 in a report on Friday. Royal Bank of Canada boosted their price target on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a "sector perform" rating in a research report on Friday, February 9th. TD Securities raised their price target on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the company a "hold" rating in a report on Friday. CIBC boosted their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Finally, National Bank Financial cut shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$183.33.

About Thomson Reuters

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.