Thomson Reuters Co. (TRI) To Go Ex-Dividend on November 21st

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.73 per share on Tuesday, December 10th. This represents a $2.92 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20.

Thomson Reuters Stock Performance

Shares of TRI opened at C$225.80 on Tuesday. The firm has a market capitalization of C$101.54 billion, a PE ratio of 31.85, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a 50-day moving average price of C$231.16 and a 200 day moving average price of C$228.88. Thomson Reuters has a 52-week low of C$185.73 and a 52-week high of C$242.92.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bankshares lifted their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. TD Securities increased their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Finally, BMO Capital Markets boosted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

Insiders Place Their Bets

In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. Insiders have sold 14,128 shares of company stock valued at $3,155,777 over the last three months. 69.76% of the stock is currently owned by insiders.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.