MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.01 per share by the newsletter publisher on Tuesday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, May 14th.
MarketWise has a payout ratio of -57.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
MarketWise Price Performance
Shares of NASDAQ:MKTW traded up $0.03 during trading hours on Friday, hitting $1.53. 68,023 shares of the company's stock traded hands, compared to its average volume of 80,555. MarketWise has a 1 year low of $1.24 and a 1 year high of $3.62. The business has a fifty day moving average price of $1.70 and a 200-day moving average price of $2.24. The firm has a market capitalization of $504.18 million, a P/E ratio of 30.60 and a beta of 0.55.
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their price target on MarketWise from $3.50 to $2.00 and set a "neutral" rating for the company in a report on Thursday, March 28th.
View Our Latest Analysis on MKTW
MarketWise Company Profile
(
Get Free Report)
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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