Thomson Reuters Co. (NYSE:TRI) Declares Quarterly Dividend of $0.60

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Tuesday, November 18th will be given a dividend of 0.595 per share by the business services provider on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 18th.

Thomson Reuters has raised its dividend payment by an average of 0.0%per year over the last three years. Thomson Reuters has a payout ratio of 64.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Thomson Reuters to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.38 annual dividend with an expected future payout ratio of 56.0%.

Thomson Reuters Price Performance

TRI opened at $147.84 on Wednesday. The business has a fifty day moving average of $162.36 and a 200 day moving average of $181.65. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $66.03 billion, a P/E ratio of 30.20, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters has a 52-week low of $145.22 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.80 EPS. Thomson Reuters’s revenue was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Thomson Reuters will post 3.89 EPS for the current year.

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.