TMX Group Reports 30% Revenue Increase, Raises Dividend 5%

TMX Group Limited reported robust fourth-quarter results, with revenue increasing by 30% to C$393.3 million and earnings nearly doubling to C$159.3 million, or C$0.58 per share. This strong performance is attributed to growth in Global Solutions, Insights, and Analytics, alongside favorable foreign exchange gains. In response to its financial success, TMX Group announced a 5% increase in its quarterly dividend to C$0.20 per share, reflecting a commitment to shareholder value. Analysts have raised their earnings forecasts for TMX Group, with National Bank Financial predicting earnings of $1.90 per share for FY2025. Several other research firms have also adjusted their price targets for the stock, indicating a generally positive outlook. The average target price for TMX Group's shares now stands at approximately C$47.19, with a consensus rating of 'Hold'.