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

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

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

John Wiley & Sons Price Performance

Shares of WLYB stock remained flat at $46.76 during trading hours on Monday. 17 shares of the stock traded hands, compared to its average volume of 518. The business’s 50-day moving average price is $50.13 and its two-hundred day moving average price is $46.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. John Wiley & Sons has a 1-year low of $30.64 and a 1-year high of $52.90. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -51.38 and a beta of 0.69.

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.