Thomson Reuters Corp (NASDAQ:TRI) Stock to Pay Quarterly Dividend of $0.66

Thomson Reuters Corp (NASDAQ:TRI) announced 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend 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% indicating that 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 Stock Performance

Thomson Reuters stock traded down $12.06 during mid-day trading on Tuesday, reaching $110.18. 3,022,058 shares of the company’s stock were exchanged, compared to its average volume of 2,151,010. The firm has a market capitalization of $47.75 billion, a PE ratio of 29.33, a P/E/G ratio of 2.23 and a beta of 0.69. Thomson Reuters has a one year low of $76.28 and a one year high of $157.63. 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 business’s fifty day simple moving average is $105.15 and its 200 day simple moving average is $97.33.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, November 3rd. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. During the same quarter in the prior year, the company earned $0.85 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Thomson Reuters will post 4.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TRI. Western Wealth Management LLC bought a new position in shares of Thomson Reuters during the first quarter valued at approximately $48,000. GK Wealth Management LLC bought a new stake in Thomson Reuters in the third quarter valued at $53,000. Continuum Advisory LLC bought a new stake in Thomson Reuters in the second quarter valued at $45,000. Westside Investment Management Inc. increased its position in Thomson Reuters by 80.7% during the 3rd quarter. Westside Investment Management Inc. now owns 600 shares of the company’s stock valued at $59,000 after purchasing an additional 268 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Thomson Reuters by 66.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock valued at $64,000 after purchasing an additional 315 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

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.