LSE stake will spur this dividend

Article Excerpt

THOMSON REUTERS CORP. $134 is still a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 486.2 million; Market cap: $65.2 billion; Price-to-sales ratio: 7.9; Dividend yield: 1.7%; TSINetwork Rating: Above Average; www.thomsonreuters.com) sells specialized information and software to the legal, tax and accounting fields. In January 2021, Thomson and Blackstone Group merged their Refinitiv financial information business with LSE—the London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). As of February 7, 2022, Thomson’s stake in LSE was worth $7.0 billion U.S. The company plans to sell these shares (in tranches) over the next few years. It will use that cash to reward investors. For example, the company is raising your quarterly dividend by 9.9%. With the March 2022 payment, investors will receive $0.445 U.S. a share instead of $0.405 U.S. The new annual rate of $1.78 U.S. yields 1.7%. Thomson Reuters is a buy. buy…