TMX Group Limited (TSE:X) Increases Dividend to $0.20 Per Share

TMX Group Limited (TSE:X) declared a quarterly dividend on Friday, February 21st,TickerTech Dividends reports. Investors of record on Friday, March 7th will be paid a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19.

TMX Group Price Performance

Shares of X opened at C$50.61 on Wednesday. The business’s 50-day moving average is C$45.68 and its two-hundred day moving average is C$44.01. The company has a market capitalization of C$14.08 billion, a P/E ratio of 29.21, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a fifty-two week low of C$33.41 and a fifty-two week high of C$51.05. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. Company insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on X shares. TD Securities upped their target price on TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. National Bankshares lifted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. CIBC boosted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, Barclays boosted their price objective on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$47.19.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.