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

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, March 27th, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.3525 per share on Thursday, April 24th. This represents a $1.41 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, April 8th.

John Wiley & Sons has increased its dividend payment by an average of 0.7% annually over the last three years and has increased its dividend annually for the last 26 consecutive years. John Wiley & Sons has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Stock Down 3.9 %

Shares of NYSE WLY opened at $42.01 on Friday. 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 company has a 50-day moving average price of $42.21 and a 200-day moving average price of $45.76. The stock has a market capitalization of $2.26 billion, a P/E ratio of -46.16 and a beta of 0.86. John Wiley & Sons has a 1 year low of $34.85 and a 1 year high of $53.96.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.39. The business had revenue of $404.63 million during the quarter, compared to the consensus estimate of $401.10 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. On average, equities research analysts forecast that John Wiley & Sons will post 3.42 EPS for the current fiscal year.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.