John Wiley & Sons, Inc. (NYSE:WLY) Announces Quarterly Dividend of $0.36

John Wiley & Sons, Inc. (NYSE:WLY - Get Free Report) declared a quarterly dividend on Thursday, June 26th, RTT News reports. Investors of record on Tuesday, July 8th will be paid a dividend of 0.355 per share on Thursday, July 24th. This represents a $1.42 annualized dividend and a dividend yield of 3.16%. This is a 0.7% increase from John Wiley & Sons's previous quarterly dividend of $0.35.

John Wiley & Sons has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $44.88 on Thursday. The company's fifty day simple moving average is $41.84 and its two-hundred day simple moving average is $42.47. The firm has a market cap of $2.42 billion, a PE ratio of 29.29 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.05. John Wiley & Sons has a 12-month low of $36.50 and a 12-month high of $53.96.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.10. The firm had revenue of $442.58 million for the quarter, compared to analysts' expectations of $435.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, equities analysts expect that John Wiley & Sons will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised John Wiley & Sons from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st.

Institutional Investors Weigh In On John Wiley & Sons

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of John Wiley & Sons in the 1st quarter worth $111,000. Acadian Asset Management LLC purchased a new stake in shares of John Wiley & Sons during the 1st quarter valued at about $65,000. Jane Street Group LLC lifted its position in John Wiley & Sons by 14,320.0% during the first quarter. Jane Street Group LLC now owns 158,620 shares of the company's stock valued at $7,068,000 after purchasing an additional 157,520 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in John Wiley & Sons by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,433 shares of the company's stock worth $5,456,000 after purchasing an additional 6,928 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in John Wiley & Sons by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,407 shares of the company's stock valued at $1,043,000 after buying an additional 707 shares during the last quarter. Institutional investors own 73.94% of the company's stock.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.

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