TMX Group (TSX:X) Hikes Dividend By 10%, Q1 Profit Up 38%

2 min read | May 12, 2021 01:33 PM EDT | By Anuj

TMX Group (TSX:X) Hikes Dividend By 10%, Q1 Profit Up 38% — Image source: Things,Shutterstock

TMX Group Ltd (TSX:X)

The TMX Group manages bourses such as the TSX, TSXV, Trayport, Montréal Exchange, etc. Its five-year dividend growth is 12.31 per cent.

The capital market stock’s market capitalization stands at C$ 7.64 billion. Its return on equity is 7.87 per cent, along with earnings per share of C$ 4.96. Its share price stood at C$ 134.64 on Wednesday morning (10:09AM EST).

TMX stock has grown by almost six per cent this year, while it gained about two per cent in the last one year. The script is trading about seven per cent below its present 52-week record high of C$ 144.97 apiece.

The financial stock has beaten the S&P/TSX Composite Index this year.

At the previous session’s close, TMX stock’s trajectory was moving up 2.7 per cent against its 200-day simple moving average (SMA) and 60-day SMA.

Long-term investors could explore this mid-cap stock for long-term gains on the back of its rising quarterly dividends.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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