John Wiley & Sons, Inc. to Issue Quarterly Dividend of $0.35 (NYSE:WLY)

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, March 27th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.3525 per share on Thursday, April 24th. This represents a $1.41 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 8th.

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

John Wiley & Sons Stock Down 3.9 %

WLY opened at $42.01 on Friday. 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 business’s fifty day simple moving average is $42.21 and its 200 day simple moving average is $45.76. John Wiley & Sons has a 52 week low of $34.85 and a 52 week high of $53.96. The stock has a market cap of $2.26 billion, a PE ratio of -46.16 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The company had revenue of $404.63 million during the quarter, compared to analyst estimates of $401.10 million. As a group, research analysts expect that John Wiley & Sons will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Company Profile

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.