MarketWise, Inc. (NASDAQ:MKTW) Declares $0.01 Quarterly Dividend

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Monday, November 25th will be paid a dividend of 0.01 per share by the newsletter publisher on Thursday, December 26th. This represents a $0.04 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Monday, November 25th.

MarketWise has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.

MarketWise Stock Performance

Shares of MKTW opened at $0.53 on Friday. The firm has a market cap of $172.02 million, a P/E ratio of 4.42 and a beta of 0.46. MarketWise has a fifty-two week low of $0.47 and a fifty-two week high of $3.50. The business has a 50-day moving average of $0.61 and a 200 day moving average of $0.95.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.