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

Key Points

• John Wiley & Sons, Inc. announced a quarterly dividend of $0.36 per share, with an ex-dividend date of October 7th and payment scheduled for October 23rd, resulting in a 3.6% dividend yield.
• The company reported earnings of $0.49 per share for the last quarter, exceeding analyst expectations of $0.32 and achieving revenue of $396.80 million.
• Gabelli Funds LLC acquired a new stake of 4,500 shares in John Wiley & Sons stock, reflecting growing institutional interest in the company.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) announced a quarterly dividend on Thursday, September 25th. Stockholders of record on Tuesday, October 7th will be given a dividend of 0.355 per share on Thursday, October 23rd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, October 7th.

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

John Wiley & Sons Stock Performance

WLYB traded down $0.86 on Thursday, hitting $39.44. 348 shares of the company traded hands, compared to its average volume of 1,216. The company has a 50 day moving average of $40.16 and a 200-day moving average of $41.93. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.10 billion, a PE ratio of 22.15 and a beta of 0.81. John Wiley & Sons has a 12-month low of $37.27 and a 12-month high of $52.90.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.17. The business had revenue of $396.80 million for the quarter, compared to analysts' expectations of $375.00 million. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,500 shares of the company's stock, valued at approximately $201,000. Hedge funds and other institutional investors own 0.49% of the company's stock.

About John Wiley & Sons

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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