Thomson Reuters Co. (TSE:TRI) Declares Quarterly Dividend of $0.73

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.73 per share on Tuesday, December 10th. This represents a $2.92 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20.

Thomson Reuters Trading Down 0.6 %

Shares of Thomson Reuters stock opened at C$224.48 on Wednesday. The business has a fifty day simple moving average of C$231.11 and a 200-day simple moving average of C$228.85. The firm has a market cap of C$100.95 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a fifty-two week low of C$185.73 and a fifty-two week high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05.

Insider Buying and Selling at Thomson Reuters

In related news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$235.35, for a total value of C$79,782.97. Also, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In the last quarter, insiders sold 14,128 shares of company stock worth $3,155,777. 69.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TRI. National Bankshares raised their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. BMO Capital Markets lifted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Finally, National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Company Profile

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.