Topic: How To Invest

Dividend Advisor Hotline – Friday, March 5, 2021

Article Excerpt

THOMSON REUTERS CORP., $109.32, Toronto symbol TRI, remains a buy. Thomson is now raising your quarterly dividend by 6.6%. Starting with the March 17, 2021, payment, investors will receive $0.405 U.S. a share instead of $0.38 U.S. The new annual rate of $1.62 U.S. yields 1.9%. The company continues to benefit from its decision to narrow its focus to selling specialized information and software to the legal, tax and accounting fields. It also owns the Reuters news service. As part of that plan, Thomson sold 55% of its Refinitiv financial information business to Blackstone Group LP (New York symbol BX) on October 1, 2018, for $17 billion (all amounts except share price in U.S. dollars). On January 29, 2021, Thomson and Blackstone merged Refinitiv with the London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). Under the terms of the deal, Thomson now owns roughly 15% of the combined firm. As of February 22, 2021, that investment was worth $11.2 billion. Thomson and Blackstone have…