News Co. (NASDAQ:NWS) Declares $0.10 Semi-Annual Dividend

News Co. (NASDAQ:NWS) declared a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.10 per share on Wednesday, October 9th. The ex-dividend date is Wednesday, September 11th.

News has a dividend payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings.

News Stock Performance

NASDAQ:NWS traded up $0.99 during mid-day trading on Friday, reaching $28.75. 720,462 shares of the company’s stock were exchanged, compared to its average volume of 763,221. News has a one year low of $20.01 and a one year high of $29.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. The business’s fifty day simple moving average is $28.16 and its two-hundred day simple moving average is $27.02. The firm has a market capitalization of $16.38 billion, a PE ratio of 79.86 and a beta of 1.35.

News (NASDAQ:NWS) last released its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter. News had a return on equity of 4.28% and a net margin of 2.09%. The company had revenue of $2.42 billion for the quarter.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.