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

TMX Group Limited (TSE:X) declared a quarterly dividend on Friday, February 21st,TickerTech Dividends reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19.

TMX Group Price Performance

Shares of TSE X opened at C$50.61 on Wednesday. The stock’s 50-day simple moving average is C$45.68 and its 200-day simple moving average is C$44.01. The firm has a market capitalization of C$14.08 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a fifty-two week low of C$33.41 and a fifty-two week high of C$51.05. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on X shares. BMO Capital Markets raised their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. National Bankshares boosted their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. CIBC upped their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays lifted their target price on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Finally, TD Securities upped their target price on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$47.19.

TMX Group Company Profile

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.