News Co. Plans Quarterly Dividend of $0.10 (NASDAQ:NWSA)

News Co. (NASDAQ:NWSA) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Wednesday, March 12th will be given a dividend of 0.10 per share on Wednesday, April 9th. This represents a $0.40 annualized dividend and a yield of 1.39%.

News has a dividend payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect News to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.0%.

News Trading Up 0.9 %

NASDAQ:NWSA opened at $28.78 on Thursday. News has a 1-year low of $22.65 and a 1-year high of $30.03. The business’s 50-day moving average price is $28.19 and its two-hundred day moving average price is $27.57. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 46.42 and a beta of 1.35.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 4.76% and a net margin of 3.49%. On average, equities analysts expect that News will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

NWSA has been the topic of a number of research analyst reports. Loop Capital dropped their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research report on Sunday. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. Citigroup began coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price target on the stock. Finally, UBS Group raised News from a “neutral” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, News currently has a consensus rating of “Buy” and an average target price of $39.25.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.