TMX Group Ltd (TSE:X) Announces Dividend Increase – $0.66 Per Share

TMX Group Ltd (TSE:X) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Friday, November 22nd will be given a dividend of 0.66 per share on Friday, December 6th. This represents a $2.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.62.

Shares of TSE X traded up C$1.52 during trading hours on Tuesday, hitting C$113.47. The company’s stock had a trading volume of 53,236 shares, compared to its average volume of 154,117. The company has a debt-to-equity ratio of 32.75, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market cap of $6.14 billion and a price-to-earnings ratio of 23.42. TMX Group has a 12 month low of C$68.87 and a 12 month high of C$120.48. The business has a 50-day simple moving average of C$114.45 and a 200-day simple moving average of C$103.58.

X has been the topic of several research reports. BMO Capital Markets lifted their price objective on TMX Group from C$110.00 to C$115.00 in a research report on Thursday, August 8th. Royal Bank of Canada cut TMX Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$118.00 to C$119.00 in a research report on Monday, October 21st. National Bank Financial lifted their price objective on TMX Group from C$114.00 to C$128.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. CIBC lifted their price objective on TMX Group from C$115.00 to C$123.00 in a research report on Wednesday, October 16th. Finally, TD Securities cut their price objective on TMX Group from C$125.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, November 11th.

About TMX Group

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

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Dividend History for TMX Group (TSE:X)

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