John Wiley & Sons, Inc. Announces Quarterly Dividend of $0.35 (NYSE:WLY)

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, March 27th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.3525 per share on Thursday, April 24th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, April 8th.

John Wiley & Sons has raised its dividend payment by an average of 0.7% annually over the last three years and has raised its dividend every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 33.6% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of WLY stock traded up $0.19 during trading on Thursday, hitting $44.79. The company had a trading volume of 244,760 shares, compared to its average volume of 330,234. John Wiley & Sons has a 52 week low of $34.85 and a 52 week high of $53.96. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -49.22 and a beta of 0.82. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average is $42.06 and its two-hundred day moving average is $45.79.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.39. The business had revenue of $404.63 million during the quarter, compared to analyst estimates of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. As a group, analysts predict that John Wiley & Sons will post 3.42 EPS for the current fiscal year.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.