Thomson Reuters Corp (NASDAQ:TRI – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.655 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 19th.
Thomson Reuters has decreased its dividend payment by an average of 0.1%annually over the last three years. Thomson Reuters has a payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Thomson Reuters to earn $5.07 per share next year, which means the company should continue to be able to cover its $2.62 annual dividend with an expected future payout ratio of 51.7%.
Thomson Reuters Price Performance
NASDAQ:TRI traded down $10.54 during trading hours on Wednesday, reaching $98.61. 4,368,484 shares of the company were exchanged, compared to its average volume of 2,372,829. The company has a market capitalization of $42.96 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.51 and a beta of 0.75. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $203.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day moving average of $88.27 and a 200 day moving average of $93.66.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on TRI shares. Bank of America decreased their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays reiterated an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Finally, Argus started coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.92.
Check Out Our Latest Stock Report on TRI
About Thomson Reuters
Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.
Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.
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