TMX Group Limited (TSE:X) Raises Dividend to $0.20 Per Share

TMX Group Limited (TSE:X) announced a quarterly dividend on Friday, February 21st,TickerTech Dividends reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19.

TMX Group Stock Down 0.5 %

Shares of TSE:X opened at C$50.36 on Wednesday. TMX Group has a 1 year low of C$33.41 and a 1 year high of C$51.05. The stock’s 50-day moving average is C$45.68 and its 200 day moving average is C$44.01. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company has a market cap of C$14.01 billion, a PE ratio of 29.07, a P/E/G ratio of 12.65 and a beta of 0.43.

Wall Street Analyst Weigh In

Several research analysts have issued reports on X shares. Barclays lifted their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. BMO Capital Markets boosted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. TD Securities increased their target price on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, National Bankshares upped their price target on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TMX Group has an average rating of “Hold” and an average price target of C$47.19.

Insiders Place Their Bets

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is currently owned by corporate insiders.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.