MarketWise, Inc. (NASDAQ:MKTW) Announces Quarterly Dividend of $0.01

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.01 per share by the newsletter publisher on Wednesday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, August 15th.

MarketWise has a dividend payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings.

MarketWise Trading Down 9.0 %

NASDAQ:MKTW traded down $0.10 on Friday, reaching $1.01. The stock had a trading volume of 191,523 shares, compared to its average volume of 159,819. The company has a 50-day moving average of $1.20 and a 200 day moving average of $1.62. The stock has a market cap of $332.83 million, a P/E ratio of 25.26 and a beta of 0.48. MarketWise has a 12-month low of $1.01 and a 12-month high of $3.62.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings data on Wednesday, May 15th. The newsletter publisher reported $0.04 earnings per share for the quarter. The company had revenue of $108.99 million during the quarter. MarketWise had a net margin of 0.46% and a negative return on equity of 0.74%.

Insider Activity

In other news, major shareholder Greenhaven Road Investment Man sold 103,304 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $1.58, for a total value of $163,220.32. Following the sale, the insider now owns 1,893,408 shares in the company, valued at approximately $2,991,584.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 28.58% of the company’s stock.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.