The New York Times Company Plans Quarterly Dividend of $0.18 (NYSE:NYT)

The New York Times Company (NYSE:NYT) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Tuesday, January 6th will be given a dividend of 0.18 per share on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 6th.

New York Times has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. New York Times has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Analysts expect New York Times to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 30.6%.

New York Times Stock Performance

NYSE:NYT opened at $70.93 on Friday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 1.73 and a beta of 1.16. The stock has a fifty day moving average of $61.67 and a 200 day moving average of $58.35. New York Times has a 52-week low of $44.83 and a 52-week high of $70.93.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The company had revenue of $700.82 million during the quarter, compared to analyst estimates of $692.01 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. New York Times’s revenue was up 9.5% on a year-over-year basis. Equities analysts forecast that New York Times will post 2.08 earnings per share for the current fiscal year.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.