John Wiley & Sons, Inc. (NYSE:WLYB) Plans $0.35 Quarterly Dividend

John Wiley & Sons, Inc. (NYSE:WLYB) announced a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.3525 per share on Thursday, April 24th. This represents a $1.41 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, April 8th.

John Wiley & Sons has increased its dividend payment by an average of 0.7% annually over the last three years and has raised its dividend every year for the last 26 years. John Wiley & Sons has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Stock Performance

NYSE WLYB traded down $0.14 on Friday, reaching $44.66. The stock had a trading volume of 644 shares, compared to its average volume of 605. The stock has a market cap of $2.40 billion, a P/E ratio of -49.08 and a beta of 0.65. John Wiley & Sons has a 12-month low of $35.68 and a 12-month high of $52.90. The business’s 50-day moving average price is $42.19 and its 200 day moving average price is $45.79. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

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.