Thomson Reuters Co. (NYSE:TRI) Raises Dividend to $0.60 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.595 per share by the business services provider on Monday, March 10th. This represents a $2.38 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Stock Down 0.2 %

Shares of TRI traded down $0.34 during trading hours on Friday, hitting $176.56. The company had a trading volume of 403,026 shares, compared to its average volume of 356,717. Thomson Reuters has a one year low of $149.14 and a one year high of $178.35. The company has a market capitalization of $79.45 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 5.31 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $163.98 and its two-hundred day moving average price is $165.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. As a group, equities analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on TRI shares. Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Scotiabank boosted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $182.09.

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.