John Wiley & Sons, Inc. (NYSE:WLY) Raises Dividend to $0.35 Per Share

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 26th will be paid a dividend of 0.3525 per share on Thursday, January 9th. This represents a $1.41 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has raised its dividend 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 38.1% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

John Wiley & Sons stock traded down $0.12 during trading on Friday, reaching $45.84. The company had a trading volume of 301,202 shares, compared to its average volume of 341,773. The firm has a market capitalization of $2.49 billion, a PE ratio of -50.37 and a beta of 0.85. The firm’s 50-day simple moving average is $50.07 and its 200 day simple moving average is $46.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. John Wiley & Sons has a 1-year low of $30.45 and a 1-year high of $53.96.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Thursday, December 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business had revenue of $426.60 million for the quarter, compared to analyst estimates of $420.00 million. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that John Wiley & Sons will post 3.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now directly owns 8,978 shares in the company, valued at $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by company insiders.

About John Wiley & Sons

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.