Review of TMX Group Limited

AUG 06, 2024 - TMX Group (X) operates as an exchange facilitator and clearinghouse for capital markets in North America. X is a high-quality dividend grower, the company’s management has demonstrated a disciplined capital allocation track record of shareholder-friendly policies by consistently raising dividends year after year, and we expect capital returns to continue to be healthy going forward. We remain bullish on the long-term prospects of X, we are maintaining our rating at ‘B+’ and are open to upgrading the name in the future if the fundamentals further improve from here.