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TMX Group Limited (X)
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Information Services Corporation Class A Limited Voting Shares (ISV)
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Information Services Corporation Class A Limited Voting Shares (ISC)
Q: I believe ISV reports. May have your comments. What was the dividend increase at TMX?
5i Research Answer:
Note the ticker symbol change. ISC EPS rose nicely to 61c, up from 47c and beating estimates. Revenue of $59.3M missed estimates of $60.3M. EBITDA of $21.8M beat estimates by 11%. All segments did well and operating costs declined. Revenue rose 5% in the quarter, with higher volumes in Sask. registries and a CPI pricing increase. The stock remains cheap at 11X earnings, with a 3.43% dividend.
TMX increased its dividend in February from 19c to 20c, but did not increase it with the recent quarterly announcement.