Topic: How To Invest

The Successful Investor Hotline – Friday, March 15, 2024

Article Excerpt

THOMSON REUTERS CORP., $213.15, Toronto symbol TRI, is a buy. The company now focuses on selling specialized information and software to the legal, tax and accounting fields. That follows the sale of 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). The company also owns the Reuters news service. Thomson continues to benefit from the sale of shares in London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). It acquired those shares in January 2021 when it sold its holding in financial information provider Refinitiv to the LSE. Since then, Thomson has sold $7.6 billion worth of its LSE shares. Its remaining shares are worth roughly $700 million. The company has returned $5.8 billion of those proceeds to shareholders. For example, it increased your quarterly dividend by 10.2% with the March 8, 2024, payment, to $0.54 a share instead of $0.49. The…