Towers Watson & Co (TW) Announces Quarterly Dividend of $0.15
Towers Watson & Co (NYSE:TW) declared a quarterly dividend on Tuesday, August 26th, American Banking News.com reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.15 per share on Wednesday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Towers Watson & Co’s previous quarterly dividend of $0.14.
On the ratings front, analysts at MKM Partners cut their price target on shares of Towers Watson & Co from $140.00 to $135.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Towers Watson & Co has an average rating of “Buy” and an average price target of $123.00.
Shares of Towers Watson & Co (NYSE:TW) traded up 1.07% during mid-day trading on Tuesday, hitting $110.00. 229,390 shares of the company’s stock traded hands. Towers Watson & Co has a 52-week low of $82.15 and a 52-week high of $131.73. The stock’s 50-day moving average is $105.3 and its 200-day moving average is $108.8. The company has a market cap of $7.724 billion and a price-to-earnings ratio of 21.49.
Towers Watson & Co (NYSE:TW) last released its earnings data on Tuesday, August 12th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.09. The company had revenue of $879.00 million for the quarter, compared to the consensus estimate of $850.84 million. On average, analysts predict that Towers Watson & Co will post $5.91 earnings per share for the current fiscal year.
Towers Watson & Co (NYSE:TW) is a global professional services company.