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

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Tuesday, October 8th will be given a dividend of 0.352 per share on Thursday, October 24th. This represents a $1.41 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, October 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 every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Trading Up 2.8 %

Shares of John Wiley & Sons stock opened at $47.14 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $46.11 and a 200-day simple moving average of $41.47. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -12.95 and a beta of 0.86. John Wiley & Sons has a 12-month low of $28.83 and a 12-month high of $49.20.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The company had revenue of $403.81 million during the quarter, compared to analyst estimates of $387.40 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was down 10.5% on a year-over-year basis. On average, equities analysts forecast that John Wiley & Sons will post 3.42 EPS for the current fiscal year.

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.