Fox Corporation to Issue Half year 25 Dividend of $0.28 (NASDAQ:FOX)

Key Points

• Fox Corporation declared a half-year dividend of $0.28 per share, set to be distributed on September 24th to investors of record as of September 3rd.
• FOX has a low payout ratio of 12.8%, indicating that its dividend is well-covered by earnings, with expected earnings of $4.38 per share next year.
• Following its recent earnings report, FOX stock saw an increase of 2.5%, opening at $52.02, with a market capitalization of $23.39 billion.

Fox Corporation (NASDAQ:FOX - Get Free Report) announced a half year 25 dividend on Monday, August 4th, RTT News reports. Stockholders of record on Wednesday, September 3rd will be given a dividend of 0.28 per share on Wednesday, September 24th. The ex-dividend date of this dividend is Wednesday, September 3rd.

FOX has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FOX to earn $4.38 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 12.3%.

FOX Stock Down 1.1%

FOX stock opened at $49.50 on Thursday. The business's 50 day simple moving average is $50.91 and its 200 day simple moving average is $49.70. FOX has a 1-year low of $35.89 and a 1-year high of $55.00. The firm has a market capitalization of $22.26 billion, a PE ratio of 10.08, a PEG ratio of 1.11 and a beta of 0.58. The company has a current ratio of 2.91, a quick ratio of 2.33 and a debt-to-equity ratio of 0.55.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.24. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. As a group, research analysts anticipate that FOX will post 4.25 EPS for the current year.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.