Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) declared a quarterly dividend on Friday, May 11th, RTT News reports. Shareholders of record on Thursday, May 17th will be paid a dividend of 0.345 per share on Friday, June 15th. This represents a $1.38 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, May 16th.
Thomson Reuters traded up C$0.08, reaching C$50.09, during midday trading on Friday, MarketBeat reports. The stock had a trading volume of 912,391 shares, compared to its average volume of 865,155. Thomson Reuters has a 1-year low of C$46.69 and a 1-year high of C$62.12.
Separately, National Bank Financial downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$68.00 to C$60.00 in a research report on Wednesday, January 31st.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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