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.
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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