Thomson Reuters Co. Increases Dividend to $0.60 Per Share

Thomson Reuters Co. (NYSE:TRI) announced an increase in their quarterly dividend on Friday, February 7th. According to reports, shareholders registered on Thursday, February 20th, will receive a dividend of $0.595 per share on Monday, March 10th. This adjustment translates to an annualized dividend of $2.38, offering a yield of 1.35%. Notably, the ex-dividend date for this payout is set for Thursday, February 20th. This increase marks a positive change from Thomson Reuters's previous quarterly dividend of $0.54.

Stock Performance Update

On the trading floor, shares of NYSE TRI saw a slight decline of 0.3%, falling by $0.49 to reach $176.41 during Friday's trading session. The trading volume was recorded at 238,511 shares, which is lower than the average volume of 349,731 shares. The stock currently holds a 50-day moving average of $163.98 and a 200-day moving average of $165.41. In the past year, Thomson Reuters has experienced a low of $149.14 and a high of $178.35. Other financial metrics indicate a current ratio of 0.94, a quick ratio of 0.94, and a debt-to-equity ratio of 0.16. The company has a market capitalization of $79.39 billion, along with a price-to-earnings (P/E) ratio of 34.76, a price-to-earnings-growth (PEG) ratio of 5.31, and a beta of 0.73.

Recent Earnings Report

Thomson Reuters released its latest earnings results on Thursday, February 6th. The company reported earnings per share (EPS) of $1.01 for the quarter, which exceeded analysts' expectations of $0.97 by $0.04. With a net margin of 32.12% and a return on equity of 14.85%, the outlook for Thomson Reuters appears favorable. Analysts project that the company will achieve earnings per share of 3.69 for the current fiscal year.

Analyst Ratings and Target Price Adjustments

Thomson Reuters has attracted attention from several research analysts recently. Canaccord Genuity Group raised their price target for Thomson Reuters shares from $164.00 to $175.00, maintaining a "hold" rating in a report issued on Friday. Similarly, Royal Bank of Canada updated their price target from $171.00 to $173.00, categorizing the stock as a "sector perform" in their note dated November 6th. Meanwhile, JPMorgan Chase & Co. raised their price target from $175.00 to $177.00, keeping a "neutral" rating. Goldman Sachs Group also increased their target price from $168.00 to $188.00 while maintaining a "neutral" stance. Additionally, StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating earlier in January. Overall, nine research analysts have issued a hold rating for the stock, while four have designated it a buy, leading to an average rating of "Hold" and a consensus price target of $182.09 as per MarketBeat.

Company Overview

Thomson Reuters Corporation provides business information services across various regions including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company operates in five main segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment focuses on offering research and workflow solutions tailored for law firms and government agencies, integrating content, tools, and analytics into their services.

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