MarketWise, Inc. Announces Dividend of $0.03 (NASDAQ:MKTW)

MarketWise, Inc. (NASDAQ:MKTW) declared a dividend on Thursday, January 16th,investing.com reports. Investors of record on Thursday, January 30th will be paid a dividend of 0.03 per share by the newsletter publisher on Wednesday, February 26th. This represents a yield of 17.91%. The ex-dividend date is Wednesday, January 29th.

MarketWise has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings.

MarketWise Stock Up 5.0 %

MKTW traded up $0.03 during midday trading on Thursday, hitting $0.67. 1,564,042 shares of the company were exchanged, compared to its average volume of 734,043. The firm has a market capitalization of $217.29 million, a P/E ratio of 5.58 and a beta of 0.38. The firm’s 50 day moving average price is $0.53 and its 200-day moving average price is $0.72. MarketWise has a 1-year low of $0.46 and a 1-year high of $2.71.

MarketWise Company Profile

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.