MarketWise, Inc. (NASDAQ:MKTW) Increases Dividend to $0.25 Per Share

Key Points

• Quarterly dividend raised to $0.25 (a 25.0% increase from $0.20) — annualized $1.00 with a yield of 5.7%; shareholders of record on May 15 will be paid on June 25 and the ex-dividend date is May 15.
• The dividend is currently covered by earnings with a payout ratio of 80.0%, and analysts project MarketWise will earn $3.48 per share next year, implying a much lower future payout ratio of about 28.7%.
• MarketWise beat estimates last quarter with EPS of $0.77 (vs. a -$0.22 estimate) and $83.39M revenue, while the stock trades around $17.41 with a market cap of $279.6M and a P/E of 7.6.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 15th will be given a dividend of 0.25 per share by the newsletter publisher on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. This is a 25.0% increase from MarketWise's previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect MarketWise to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.7%.

MarketWise Trading Up 3.9%

NASDAQ MKTW opened at $17.41 on Wednesday. The stock has a market cap of $279.60 million, a price-to-earnings ratio of 7.60 and a beta of 0.25. MarketWise has a 12 month low of $13.01 and a 12 month high of $21.74. The company's 50 day moving average is $16.29 and its two-hundred day moving average is $15.88.

MarketWise (NASDAQ:MKTW - Get Free Report) last released its quarterly earnings data on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.99. The firm had revenue of $83.39 million for the quarter, compared to analysts' expectations of $70.60 million. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. Sell-side analysts forecast that MarketWise will post 2.92 EPS for the current year.

About MarketWise

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.

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