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

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 26th will be paid 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 of this dividend 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 payment by an average of 0.7% per year 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 Price Performance

Shares of WLY stock traded down $0.12 during trading hours on Friday, reaching $45.84. 301,202 shares of the company were exchanged, 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 company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The stock’s fifty day moving average is $50.07 and its two-hundred day moving average is $46.17. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -50.37 and a beta of 0.85.

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

Insider Buying and Selling

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

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.