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

Thomson Reuters Corp (NASDAQ:TRIGet Free Report) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.655 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, May 20th.

Thomson Reuters has decreased its dividend payment by an average of 0.1%per year over the last three years. Thomson Reuters has a dividend payout ratio of 71.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Thomson Reuters to earn $5.08 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 51.6%.

Thomson Reuters Price Performance

Shares of NASDAQ:TRI opened at $95.43 on Wednesday. Thomson Reuters has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The business has a 50-day simple moving average of $93.87 and a two-hundred day simple moving average of $116.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $41.62 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRIGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Thomson Reuters will post 4.47 earnings per share for the current year.

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Thomson Reuters Company Profile

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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.

See Also

Dividend History for Thomson Reuters (NASDAQ:TRI)

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