John Wiley & Sons, Inc. (NYSE:WLY) Increases Dividend to $0.35 Per Share

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 26th will be given a dividend of 0.3525 per share on Thursday, January 9th. This represents a $1.41 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, December 26th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has raised 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 dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Trading Down 0.3 %

Shares of WLY stock traded down $0.12 on Friday, hitting $45.84. The stock had a trading volume of 301,202 shares, compared to its average volume of 341,773. The company’s 50 day moving average price is $50.07 and its 200-day moving average price is $46.17. John Wiley & Sons has a 1 year low of $30.45 and a 1 year high of $53.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $2.49 billion, a P/E ratio of -50.37 and a beta of 0.85.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $426.60 million for the quarter, compared to analyst estimates of $420.00 million. John Wiley & Sons’s revenue for the quarter was down 13.4% compared to the same quarter last year. Analysts anticipate that John Wiley & Sons will post 3.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

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.