Thomson Reuters Co. (NYSE:TRI) to Issue Quarterly Dividend of $0.45

Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Thursday, May 26th will be paid a dividend of 0.445 per share by the business services provider on Wednesday, June 15th. This represents a $1.78 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, May 25th.

Thomson Reuters has raised its dividend by an average of 5.4% annually over the last three years and has raised its dividend every year for the last 14 years. Thomson Reuters has a dividend payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thomson Reuters to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 52.7%.

Shares of TRI opened at $97.57 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $47.51 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 3.07 and a beta of 0.59. The stock’s fifty day simple moving average is $105.10 and its 200 day simple moving average is $110.83. Thomson Reuters has a twelve month low of $92.22 and a twelve month high of $123.60.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last issued its earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. Thomson Reuters had a return on equity of 6.57% and a net margin of 89.62%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Thomson Reuters will post 2.43 earnings per share for the current year.

A number of large investors have recently made changes to their positions in TRI. Allianz Asset Management GmbH raised its holdings in Thomson Reuters by 83.8% during the fourth quarter. Allianz Asset Management GmbH now owns 296,357 shares of the business services provider’s stock worth $35,489,000 after purchasing an additional 135,117 shares in the last quarter. Alliancebernstein L.P. grew its position in Thomson Reuters by 40.0% during the 4th quarter. Alliancebernstein L.P. now owns 21,617 shares of the business services provider’s stock worth $2,586,000 after purchasing an additional 6,177 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in Thomson Reuters during the 4th quarter worth approximately $317,000. Finally, JustInvest LLC grew its holdings in shares of Thomson Reuters by 54.9% during the 4th quarter. JustInvest LLC now owns 3,311 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 1,173 shares in the last quarter. 21.17% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on TRI. Zacks Investment Research downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Bank of America began coverage on Thomson Reuters in a research note on Friday, March 11th. They set a “buy” rating for the company. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Wednesday, February 9th. Royal Bank of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $124.00 to $120.00 in a research note on Wednesday, February 9th. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus price target of $129.30.

About Thomson Reuters (Get Rating)

Thomson Reuters Corporation provides 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.

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Dividend History for Thomson Reuters (NYSE:TRI)

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