John Wiley & Sons, Inc. (WLY) to Issue Quarterly Dividend of $0.35 on October 24th

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.352 per share on Thursday, October 24th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, October 8th.

John Wiley & Sons has raised its dividend 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% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Trading Up 2.0 %

WLY opened at $48.08 on Friday. The business’s 50 day moving average price is $46.11 and its 200 day moving average price is $41.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. The stock has a market capitalization of $2.61 billion, a PE ratio of -13.21 and a beta of 0.86. John Wiley & Sons has a one year low of $28.83 and a one year high of $49.20.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The company had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that John Wiley & Sons will post 3.42 EPS for the current year.

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.