Thomson Reuters Corp (TRI) to Issue Quarterly Dividend of $0.66 on September 10th

Thomson Reuters Corp (NASDAQ:TRI) declared a quarterly dividend on Tuesday, August 4th. Investors 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 yield of 2.5%. The ex-dividend date is Wednesday, August 19th.

Thomson Reuters has decreased its dividend by an average of 0.1%annually over the last three years. Thomson Reuters has a payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NASDAQ:TRI opened at $103.61 on Monday. 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 has a market cap of $45.13 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.75. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $180.00. The company’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $92.42.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data 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. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. On average, equities analysts anticipate that Thomson Reuters will post 4.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in TRI. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $865,442,000. SEG Family Corp. bought a new position in Thomson Reuters in the second quarter valued at approximately $659,930,000. Invesco Ltd. grew its holdings in Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after acquiring an additional 1,851,677 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Thomson Reuters during the 2nd quarter valued at $107,223,000. Finally, Bank of America Corp DE bought a new stake in shares of Thomson Reuters during the 2nd quarter valued at $104,104,000. Institutional investors own 17.31% of the company’s stock.

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.