Thomson Reuters Corp (TRI) to Issue Quarterly Dividend of $0.43 on March 15th

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) announced a quarterly dividend on Tuesday, January 30th, Zacks reports. Stockholders of record on Thursday, February 22nd will be given a dividend of 0.433 per share on Thursday, March 15th. This represents a $1.73 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, February 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35.

Shares of Thomson Reuters (TSE:TRI) opened at C$50.40 on Tuesday. Thomson Reuters has a fifty-two week low of C$49.26 and a fifty-two week high of C$62.83. The firm has a market capitalization of $35,750.00, a PE ratio of 26.67 and a beta of 0.28.

In related news, insider Woodbridge Company Limited The purchased 1,778 shares of the company’s stock in a transaction that occurred on Thursday, November 23rd. The shares were purchased at an average price of C$56.55 per share, for a total transaction of C$100,545.90.

TRI has been the subject of several research reports. Scotiabank reduced their target price on Thomson Reuters to C$69.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. TD Securities dropped their price target on Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. National Bank Financial cut Thomson Reuters from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$68.00 to C$60.00 in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada dropped their price target on Thomson Reuters to C$60.50 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$62.25.

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Thomson Reuters Company Profile

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Dividend History for Thomson Reuters (TSE:TRI)

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