Topic: Dividend Stocks

THOMSON REUTERS CORP. $48 – Toronto symbol TRI

THOMSON REUTERS CORP. $48 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 784.8 million; Market cap: $37.7 billion; Price-to-sales ratio: 3.0; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) (All amounts except share price and market cap in U.S. dollars) now plans to buy back up to $1 billion worth of its shares by the end of 2016.

Meantime, the company’s revenue fell 2.7% in the three months ended March 31, 2015, to $3.0 billion from $3.1 billion a year earlier. Without the effect of the high U.S. dollar, revenue rose 2%.

Earnings per share declined 4.3%, or $0.44 from $0.46, but gained 8.7% if you disregard changes in currency exchange rates. Banks and brokerages are buying more of Thomson’s information products. Sales to tax, accounting and legal professionals also remain strong.

Thomson Reuters is a buy.

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