News Corporation (NASDAQ:NWSA) Announces $0.10 Half year 25 Dividend

Key Points

• News Corporation announced a half-year dividend of $0.10 per share, payable on October 8th to shareholders of record as of September 10th.
• The company has a dividend payout ratio of 19.6%, indicating that it is well-positioned to sustain its dividend amidst projected earnings of $1.12 per share next year.
• Analysts have mixed views on the stock, with a consensus price target of $39.20 and ratings ranging from "buy" to "hold".

News Corporation (NASDAQ:NWSA - Get Free Report) announced a half year 25 dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.10 per share on Wednesday, October 8th.

News has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect News to earn $1.12 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 17.9%.

News Stock Performance

NWSA traded down $0.22 during midday trading on Tuesday, reaching $29.29. The company's stock had a trading volume of 4,537,456 shares, compared to its average volume of 3,273,367. The stock has a market cap of $16.58 billion, a P/E ratio of 34.06 and a beta of 1.23. The company has a fifty day simple moving average of $28.90 and a 200 day simple moving average of $28.02. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. News has a twelve month low of $23.38 and a twelve month high of $30.75.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. News had a return on equity of 5.64% and a net margin of 5.18%. Research analysts expect that News will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NWSA. Morgan Stanley decreased their price objective on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Guggenheim reissued a "buy" rating and set a $45.00 price objective on shares of News in a report on Thursday, May 15th. Finally, Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $39.20.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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