News Co. (NASDAQ:NWS) Announces Semi-annual Dividend of $0.10

News Co. (NASDAQ:NWS) announced a semi-annual dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Wednesday, March 12th will be given a dividend of 0.10 per share on Wednesday, April 9th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 12th.

News has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect News to earn $1.05 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 19.0%.

News Stock Performance

NASDAQ:NWS opened at $33.92 on Friday. News has a 1-year low of $23.99 and a 1-year high of $34.97. The stock has a market cap of $19.29 billion, a P/E ratio of 46.47 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.26. The firm has a 50-day moving average of $31.28 and a two-hundred day moving average of $29.64.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. On average, research analysts expect that News will post 0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research note on Friday, January 31st.

About News

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.