John Wiley & Sons (NYSE:WLYB) Trading Down 7% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) shares dropped 7% on Monday . The stock traded as low as $42.27 and last traded at $41.19. Approximately 300 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 593 shares. The stock had previously closed at $44.30.

John Wiley & Sons Stock Down 7.0 %

The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -45.30 and a beta of 0.68. The firm’s fifty day moving average price is $42.28 and its two-hundred day moving average price is $45.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61.

John Wiley & Sons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is currently 190.54%.

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.