Fox Co. (NASDAQ:FOX) Plans Quarterly Dividend of $0.27

Fox Co. (NASDAQ:FOX) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.27 per share on Wednesday, March 26th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%.

FOX has raised its dividend payment by an average of 4.1% per year over the last three years. FOX has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FOX to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 14.3%.

FOX Trading Up 4.7 %

FOX opened at $51.52 on Tuesday. FOX has a 1-year low of $25.82 and a 1-year high of $51.52. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company’s 50 day simple moving average is $45.83 and its two-hundred day simple moving average is $40.90.

FOX (NASDAQ:FOX) last issued its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.35. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.37 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the previous year, the firm earned $1.09 earnings per share. Analysts expect that FOX will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FOX shares. Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.