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

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.01 per share by the newsletter publisher on Thursday, December 26th. This represents a $0.04 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Monday, November 25th.

MarketWise has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

MarketWise Stock Down 4.5 %

Shares of NASDAQ MKTW traded down $0.03 during trading hours on Friday, hitting $0.59. The company had a trading volume of 525,126 shares, compared to its average volume of 248,612. The stock has a market capitalization of $187.96 million, a P/E ratio of 7.44 and a beta of 0.46. MarketWise has a 1-year low of $0.53 and a 1-year high of $3.62. The firm’s 50 day moving average is $0.65 and its 200-day moving average is $1.03.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, August 15th. The newsletter publisher reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). The company had revenue of $105.05 million during the quarter. MarketWise had a net margin of 0.80% and a negative return on equity of 1.30%.

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.