MarketWise, Inc. (NASDAQ:MKTW) to Issue Quarterly Dividend of $0.01

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.01 per share by the newsletter publisher on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 5.30%.

MarketWise has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings.

MarketWise Stock Up 24.0 %

Shares of NASDAQ:MKTW opened at $0.76 on Tuesday. The company’s 50 day moving average price is $0.59 and its two-hundred day moving average price is $0.61. MarketWise has a 12-month low of $0.46 and a 12-month high of $2.12. The firm has a market cap of $244.86 million, a PE ratio of 6.29 and a beta of 0.39.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.