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

Key Points

• John Wiley & Sons declared a quarterly dividend of $0.355 per share, payable April 23 to shareholders of record April 7 (ex-dividend date April 7), implying an annualized yield of about 3.7%.
• The company beat expectations this quarter, reporting $0.97 EPS vs. $0.86 expected and $410.0M in revenue vs. $391.0M, and the dividend appears sustainably covered with a 33.8% payout ratio and 26 consecutive years of annual increases.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) declared a quarterly dividend on Thursday, March 26th. Shareholders of record on Tuesday, April 7th will be given a dividend of 0.355 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, April 7th.

John Wiley & Sons has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 26 years. John Wiley & Sons has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Stock Performance

NYSE WLYB traded up $1.57 on Thursday, hitting $38.56. The stock had a trading volume of 138 shares, compared to its average volume of 2,267. The company's 50-day moving average is $32.90 and its two-hundred day moving average is $34.95. John Wiley & Sons has a one year low of $29.16 and a one year high of $45.41. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 13.44 and a beta of 0.74. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.06.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.11. John Wiley & Sons had a return on equity of 28.38% and a net margin of 9.24%.The company had revenue of $410.04 million for the quarter, compared to analysts' expectations of $391.00 million.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley's operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.

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