Bullish mood lifts Reuters to session high of $124.45

A quick look at yesterday: the multinational media conglomerate went up to $124.3, gaining 0.91%.

• The day's trading volume totalled 182,794 shares — under the 21-day average of 492,987.
• Reuters's board sets quarterly dividend of 49 cents per share to be paid on Thursday, June 15th; annual dividend yield esimated at 1.58%.

With investors awaiting market open on the New York Stock Exchange in 3 days, yesterday's session was noteworthy in that Nasdaq built upon its previous close around 12,700 to gain 2.19%, before closing the session at 12,976. Reuters went up yesterday and similar gains were seen throughout the Industrials sector (up 0.24%).

The multinational media conglomerate reached a significant high of $132.75 around a month ago but has lost 7.21% since then. So far this year, it has been doing worse than the Nasdaq by 12.52%. The company is currently trading with a market cap of $58.54 billion with an average daily volume of 492,987 shares. Reuters is forecasted to generate revenues of $1.73 billion and EPS of 82 cents.

Reuters disclosed a quarterly dividend of 49 cents per share on Tuesday, May 2nd — to be paid on Thursday, June 15th to all shareholders of record up until Thursday, May 18th. The company's decision delivers Reuters shareholders with an annual dividend yield of 1.58%.

This rally in Reuters's share price coincided with other industrials stocks as Lockheed Martin gained 1.27%, as it traded at $448.45. Boeing added 1.37% to its value, and traded at $203.63. General Electric was up 1.2%.