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. Shareholders 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 dividend on an annualized basis and a 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 increased its dividend by an average of 0.7% per year over the last three years and has increased its dividend every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Stock Down 0.3 %

Shares of NYSE WLY traded down $0.12 during midday trading on Friday, reaching $45.84. The company’s stock had a trading volume of 301,202 shares, compared to its average volume of 341,773. John Wiley & Sons has a fifty-two week low of $30.45 and a fifty-two week high of $53.96. The stock has a 50 day simple moving average of $50.07 and a 200-day simple moving average of $46.17. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -50.37 and a beta of 0.85. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $420.00 million. John Wiley & Sons’s revenue for the quarter was down 13.4% compared to the same quarter last year. Equities research analysts predict that John Wiley & Sons will post 3.42 earnings per share for the current year.

Insider Activity at John Wiley & Sons

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

About John Wiley & Sons

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.