MarketWise, Inc. (NASDAQ:MKTW) Announces $0.20 Quarterly Dividend

Key Points

• MarketWise, Inc. has declared a quarterly dividend of $0.20 per share, with an ex-dividend date of August 15th and a dividend yield of 4.4%.
• The company reported an EPS of $0.41 for the last quarter, significantly beating expectations and achieving revenues of $83.51 million.
• Institutional investors have increased their stakes in MarketWise, with several firms boosting their positions by over 300%, indicating growing confidence in the company's prospects.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) declared a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.20 per share by the newsletter publisher on Thursday, September 25th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 15th.

MarketWise has a dividend payout ratio of 64.0% meaning its dividend is sufficiently covered by earnings.

MarketWise Stock Up 0.5%

NASDAQ:MKTW traded up $0.10 during trading hours on Friday, hitting $18.58. 2,147 shares of the stock were exchanged, compared to its average volume of 27,994. The company's 50 day moving average is $18.65 and its two-hundred day moving average is $14.92. MarketWise has a twelve month low of $9.07 and a twelve month high of $21.74. The company has a market capitalization of $301.47 million, a P/E ratio of 6.17 and a beta of 0.52.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter. MarketWise had a negative return on equity of 2.66% and a net margin of 1.64%.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.