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

John Wiley & Sons, Inc. (NYSE:WLYB) declared a quarterly dividend on Monday, December 16th,Wall Street Journal 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 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

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

John Wiley & Sons Price Performance

WLYB stock opened at $46.76 on Tuesday. The firm has a 50 day moving average of $50.13 and a 200-day moving average of $46.20. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -51.38 and a beta of 0.69. 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 has a 12-month low of $30.64 and a 12-month high of $52.90.

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.