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

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.01 per share by the newsletter publisher on Thursday, December 26th. This represents a $0.04 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend is Monday, November 25th.

MarketWise has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.

MarketWise Trading Down 4.5 %

MKTW stock traded down $0.03 during trading hours on Friday, hitting $0.59. 525,126 shares of the stock were exchanged, compared to its average volume of 248,612. MarketWise has a 12 month low of $0.53 and a 12 month high of $3.62. The firm has a market capitalization of $187.96 million, a P/E ratio of 7.44 and a beta of 0.46. The company has a 50-day simple moving average of $0.65 and a two-hundred day simple moving average of $1.03.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings results on Thursday, August 15th. The newsletter publisher reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). MarketWise had a negative return on equity of 1.30% and a net margin of 0.80%. The company had revenue of $105.05 million during the quarter.

MarketWise Company Profile

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.