Thomson Reuters Corp (TRI) To Go Ex-Dividend on November 18th

Thomson Reuters Corp (NASDAQ:TRI) declared a quarterly dividend on Monday, November 2nd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.6550 per share on Thursday, December 10th. This represents a $2.62 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, November 18th.

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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thomson Reuters to earn $5.04 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 52.0%.

Thomson Reuters Trading Down 9.9%

TRI opened at $110.18 on Wednesday. Thomson Reuters has a one year low of $76.28 and a one year high of $157.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $105.18 and a two-hundred day simple moving average of $97.23. The firm has a market capitalization of $47.75 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.35 and a beta of 0.69.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. Thomson Reuters’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Analysts predict that Thomson Reuters will post 4.46 EPS for the current year.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.