John Wiley & Sons, Inc. (NYSE:WLY) to Issue Quarterly Dividend of $0.35

John Wiley & Sons, Inc. (NYSE:WLY) announced a quarterly dividend on Thursday, June 27th, NASDAQ reports. Shareholders of record on Tuesday, July 9th will be paid a dividend of 0.3525 per share on Thursday, July 25th. This represents a $1.41 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, July 9th. 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 annually for the last 25 consecutive years. John Wiley & Sons has a dividend payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Stock Up 0.1 %

Shares of WLY traded up $0.05 on Thursday, hitting $40.04. The company’s stock had a trading volume of 359,417 shares, compared to its average volume of 355,189. The firm’s fifty day moving average price is $38.14 and its 200-day moving average price is $35.75. John Wiley & Sons has a fifty-two week low of $28.83 and a fifty-two week high of $43.72. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -11.00 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, June 13th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The firm had revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The business’s revenue was down 11.0% on a year-over-year basis. On average, equities research analysts expect that John Wiley & Sons will post 3.42 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Jay Flynn sold 6,114 shares of John Wiley & Sons stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the sale, the executive vice president now directly owns 8,069 shares in the company, valued at $313,238.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.79% 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.