Thomson Reuters Corp (TRI) announced a 1.49% increase in its cash dividend. The quarterly cash dividend will increase from US$0.335 to US$0.34 per share and payable on Mar 15, 2016 to shareholders on record as of Feb 23, 2016.
Thomson Reuters declares all its financials and hence the dividends in US$ even if shareholders own the TSX-listed stock.
Thomson Reuters is a Dividend Challenger and this is the 23rd consecutive annual dividend increase. The annual dividend rate goes up from US$1.34 to US$1.36. Yield going forward based on today’s closing price is 3.91%.
“Today’s results reflect the significant progress we have made putting the company back on solid footing,” said James C. Smith, president and chief executive officer of Thomson Reuters. “With the ship now turned, we have growing confidence in our strategy as we look to 2016 and 2017.” In addition, the company announced that it plans to repurchase up to an additional $1.5 billion of its shares as it has essentially completed its third $1 billion program announced in May 2015.
Our portfolio consists of 48 shares of Thomson Reuters, which increases our annual dividend from US$64.32 to US$65.28, an increase of US$0.96.
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