Thomson Reuters Corp (NASDAQ:TRI) Shares Set to Pay Quarterly Dividend of $0.66

Thomson Reuters Corp (NASDAQ:TRI) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.6550 per share on Thursday, December 10th. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th.

Thomson Reuters has decreased its dividend by an average of 0.1% per year 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 $5.04 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 52.0%.

Thomson Reuters Stock Down 9.9%

Shares of NASDAQ:TRI traded down $12.06 during trading on Tuesday, hitting $110.18. The stock had a trading volume of 3,021,591 shares, compared to its average volume of 2,151,008. The company has a market capitalization of $47.75 billion, a PE ratio of 29.33, a PEG ratio of 2.23 and a beta of 0.69. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $105.15 and its 200 day moving average is $97.33. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $157.63.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Analysts anticipate that Thomson Reuters will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. RBC Dominion Securities raised their price objective on Thomson Reuters from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada upped their target price on shares of Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Barclays decreased their price target on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Weiss Ratings raised shares of Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Thomson Reuters in a research note on Tuesday, October 20th. They set a “buy” rating and a $130.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.99.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.