Investors looking to capture Thomson Reuters (TSX:TRI) Corporation's (TSE:NYSE:TRI) upcoming dividend have a key date approaching. On November 15th, the company will determine eligibility for its $0.49 per share dividend, which is scheduled for payment on December 15th. Shareholders are required to own the stock before the ex-dividend date to be entitled to the payout.
The current dividend announcement follows a consistent pattern of returns to investors, with Thomson Reuters having paid out a total of $1.96 per share over the last year. This distribution translates to a trailing yield of 1.5%, based on the latest share price of CA$181.86 (USD1 = CAD1.3815).
Thomson Reuters has been prudent in its approach to dividend payments, allocating only 41% of its profit towards dividends. This modest payout ratio signals a strong financial foundation and suggests that the dividends are sustainable with a reduced risk of being cut in the future. Additionally, dividends have consumed a balanced portion of free cash flow, with 50% utilized over the past year, aligning with common practices among various companies.
Over the past five years, Thomson Reuters has not only provided steady dividends but also achieved significant earnings growth, reporting an annual increase of 39%. The company's commitment to growth is further evidenced by its dividend track record; it has raised its dividend by an average of 2.8% annually over the past decade. Despite this growth in dividends, earnings have risen more rapidly due to strategic reinvestments aimed at further expansion.
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