TMX Group Limited (TSE:X) Increases Dividend to $0.19 Per Share

TMX Group Limited (TSE:XGet Free Report) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Investors of record on Friday, May 17th will be paid a dividend of 0.19 per share on Friday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, May 16th. This is a positive change from TMX Group’s previous quarterly dividend of $0.18.

TMX Group Price Performance

Shares of X stock traded up C$0.41 on Wednesday, reaching C$36.54. The company had a trading volume of 10,667 shares, compared to its average volume of 345,638. The stock has a market capitalization of C$10.13 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 54.91. The business’s 50-day moving average is C$35.72 and its 200 day moving average is C$33.13. TMX Group has a one year low of C$28.32 and a one year high of C$37.59.

TMX Group (TSE:XGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. Equities research analysts forecast that TMX Group will post 1.6198934 EPS for the current fiscal year.

Insider Activity

In other news, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. In related news, Director Peter Alexander Conroy sold 13,965 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. Also, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on X. TD Securities increased their target price on shares of TMX Group from C$35.00 to C$37.00 and gave the company a “hold” rating in a research report on Monday, May 6th. BMO Capital Markets lifted their target price on shares of TMX Group from C$41.00 to C$42.00 in a research note on Monday, May 6th. CIBC upped their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. National Bankshares lifted their price objective on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Finally, Barclays upped their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$39.88.

Read Our Latest Research Report on X

About TMX Group

(Get Free Report)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.

See Also

Dividend History for TMX Group (TSE:X)

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