News Corporation Declares Dividend of $0.10 (NASDAQ:NWSA)

Key Points

• News Corporation declared a quarterly dividend of $0.10 per share, payable October 7 to shareholders of record September 9. The article states a 68.0% yield, though its projected $0.20 annual dividend implies a much lower yield at the reported share price.
• The dividend appears well covered, with a current payout ratio of 19.6% and an expected future payout ratio of 16.5% based on projected earnings.
• News reported quarterly earnings of $0.35 per share, exceeding estimates of $0.21, while revenue rose 10.8% year over year to $2.34 billion.

News Corporation (NASDAQ:NWSA - Get Free Report) announced a dividend on Wednesday, August 5th. Investors of record on Wednesday, September 9th will be paid a dividend of 0.10 per share on Wednesday, October 7th. This represents a yield of 68.0%. The ex-dividend date is Wednesday, September 9th.

News has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect News to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.5%.

News Price Performance

Shares of News stock traded up $0.38 on Thursday, reaching $29.43. The stock had a trading volume of 3,644,128 shares, compared to its average volume of 4,549,815. The business's 50 day moving average is $26.78 and its two-hundred day moving average is $25.66. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The company has a market cap of $16.11 billion, a P/E ratio of 14.63 and a beta of 0.88. News has a 1 year low of $22.20 and a 1 year high of $31.61.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.21 by $0.14. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.25 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. As a group, research analysts anticipate that News will post 1.06 EPS for the current year.

About News

News Corporation NASDAQ: NWSA is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company's news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron's, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world's largest consumer publishers.

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