John Wiley & Sons, Inc. (WLY) to Issue Quarterly Dividend of $0.35 on January 9th

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, December 26th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has increased its dividend by an average of 0.7% annually over the last three years and has increased its dividend every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Trading Down 0.3 %

WLY stock opened at $45.84 on Friday. John Wiley & Sons has a twelve month low of $30.45 and a twelve month high of $53.96. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -50.37 and a beta of 0.85. 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 firm’s fifty day simple moving average is $50.07 and its two-hundred day simple moving average is $46.17.

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

Insider Activity

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now directly owns 8,978 shares in the company, valued at $443,602.98. This trade represents a 20.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

John Wiley & Sons Company Profile

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.