News
Thomson Reuters shares to go ex-dividend
Monday 15 August 2011
Thomson Reuters shares go ex-dividend on 16 August. Owners of shares at market close in New York and Toronto on 15 August are eligible for a dividend of 31 cents per share. At a price of $31.76 on 14 August, the dividend yield is 3.9 per cent.
Over the past 30 days, the average traded volume for the stock has been just under one million shares per day at 964,000. The group’s market capitalisation is $26.4 billion. As of the close of trading on Friday, the shares were down 15.4 per cent year to date.
The Street Ratings rates Thomson Reuters as a buy. It says the company’s strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, impressive record of earnings per share growth, good cash flow from operations and notable return on equity. “We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.” ■
- SOURCE
- The Street
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