TMX Group Dividends and Buybacks
Dividend criteria checks 5/6
TMX Group is a dividend paying company with a current yield of 1.79% that is well covered by earnings. Next payment date is on 5th June, 2026 with an ex-dividend date of 22nd May, 2026.
Key information
1.8%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 2.1% |
| Future Dividend Yield | 2.1% |
| Dividend Growth | 9.4% |
| Next dividend pay date | 05 Jun 26 |
| Ex dividend date | 22 May 26 |
| Dividend per share | n/a |
| Payout ratio | 46% |
Recent dividend and buyback updates
Recent updates
X: Buybacks And Revised P/E Assumptions Will Support Higher Future Earnings Multiples
TMX Group's analyst price target has increased to CA$64.44 from CA$62.56. Analysts attribute this change to updated assumptions around revenue growth, profit margins and future P/E, along with a series of recent target increases from several brokerages.X: Share Buybacks And Higher Margins Will Support Stronger Future Earnings Multiples
Narrative Update on TMX Group The updated analyst price target for TMX Group reflects a modest adjustment, with mixed Street research that includes a CA$3 increase from TD Securities, alongside reductions from other firms. Analysts are factoring in revised fair value estimates, a slightly lower revenue growth outlook, stronger profit margin assumptions, and a lower future P/E.X: Earnings Momentum And Data Partnerships Will Support Higher Future P/E
Narrative Update on TMX Group The analyst price target range for TMX Group has been adjusted between C$59 and C$67. This reflects updated views on discount rate, revenue growth, profit margins and future P/E assumptions cited by analysts in their recent research.X: Earnings Momentum And Data Partnerships Will Support Future Outperformance
Analysts have made a modest adjustment to their outlook on TMX Group, with recent price targets ranging from C$59 to C$67 as they factor in updated views on the company’s earnings power and valuation multiples. Analyst Commentary Bullish and cautious voices are both active around TMX Group, and the recent price target range of C$59 to C$67 reflects that split view on valuation and execution risk.X: Earnings Momentum Will Support Future Outperformance As Business Model Shows Durable Resilience
The Analyst Price Target for TMX Group has nudged higher to approximately C$62.63 from C$62.50, as analysts point to resilient earnings momentum, steady revenue growth expectations, and valuation support from recent target revisions across the Street. Analyst Commentary Recent research updates present a mixed but generally constructive backdrop for TMX Group, with several firms adjusting price targets while reiterating positive views on the company’s earnings profile and strategic execution.X: Earnings Momentum Will Drive Outperformance As Volumes Show Steady Improvement
Analysts have recently adjusted their price targets for TMX Group, with modest changes reflecting a balanced outlook as they cite the company’s earnings durability, valuation convergence with peers, and overall growth prospects. Analyst Commentary Recent street research on TMX Group reveals a mix of optimism and caution, with analysts updating their price targets and ratings in light of the company’s performance and market positioning.X: Earnings Momentum And Trading Volumes Will Drive Future Market Performance
TMX Group's average analyst price target has seen mixed adjustments recently, with updates ranging from a reduction to C$58 to an increase to C$70. Analysts cite steady earnings momentum and ongoing growth potential despite minor revisions in revenue growth and profit margins.X: Future Earnings Momentum Will Drive Sector Outperformance Over Peers
TMX Group's analyst price target has been modestly increased from C$61.79 to C$62.50, as analysts cite ongoing earnings resilience and industry growth potential despite some recent mixed target revisions. Analyst Commentary Recent analyst activity reflects ongoing debate about TMX Group’s valuation and growth trajectory.Weekly Picks: 🤝 Alphabet's Anthropic Deal And 2 More Picks
This week’s picks cover: Why Alphabet’s Anthropic deal could justify a re-rating higher, how Flower Foods' turnaround plans support the >7% dividend yield, and why TMX Group is a reliable high-quality compounder at a fair price.
TMX Group will thrive with 33.3% profit margin and enduring market moat
(Updated October 2025) 1. Business Summary TMX Group is the backbone of Canada’s financial markets.Digital Platforms And Global Trading Will Empower Capital Markets
Analysts have raised TMX Group’s price target to CA$61.79, citing durable earnings momentum, anticipated valuation multiple expansion, and a strong combination of resilience and growth, supported by robust trading activity and a favorable rate environment. Analyst Commentary Bullish analysts believe TMX's earnings momentum is durable and underappreciated at current share levels.TMX Group's (TSE:X) Dividend Will Be Increased To CA$0.22
The board of TMX Group Limited ( TSE:X ) has announced that it will be paying its dividend of CA$0.22 on the 29th of...TMX Group Limited's (TSE:X) Price Is Out Of Tune With Earnings
TMX Group Limited's ( TSE:X ) price-to-earnings (or "P/E") ratio of 34.8x might make it look like a strong sell right...
Calculated Acquisitions And Innovations Set The Stage For Thriving Global Solutions Growth
TMX Group's strategic acquisitions and partnerships are set to enhance capabilities and product offerings, driving future revenue growth in various markets.Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: X's dividends per share have been stable in the past 10 years.
Growing Dividend: X's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| TMX Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (X) | 1.8% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.4% |
| Industry Average (Capital Markets) | 2.2% |
| Analyst forecast (X) (up to 3 years) | 2.1% |
Notable Dividend: X's dividend (1.79%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: X's dividend (1.79%) is low compared to the top 25% of dividend payers in the Canadian market (5.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.8%), X's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41.3%), X's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/17 07:14 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TMX Group Limited is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Fenwick | ATB Cormark Historical (Cormark Securities) |
| Jeremy Campbell | Barclays |
| Benjamin Budish | Barclays |