Thomson Reuters Corp Plans Quarterly Dividend of $0.66 (NASDAQ:TRI)

Thomson Reuters Corp (NASDAQ:TRI) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.655 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 9.7%

TRI traded down $10.54 on Wednesday, hitting $98.61. 4,368,484 shares of the company were exchanged, compared to its average volume of 2,372,829. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s fifty day moving average is $88.27 and its 200-day moving average is $93.66. The company has a market cap of $42.96 billion, a PE ratio of 28.69, a PEG ratio of 1.51 and a beta of 0.75. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $203.43.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Equities research analysts predict that Thomson Reuters will post 4.44 EPS for the current fiscal year.

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.