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

News Corporation (NASDAQ:NWSA) declared a dividend on Thursday, February 5th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.10 per share on Wednesday, April 8th. This represents a yield of 83.0%. The ex-dividend date of this dividend is Wednesday, March 11th.

News has a payout ratio of 19.6% meaning 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 Trading Down 4.1%

News stock traded down $0.99 during midday trading on Friday, reaching $23.22. The stock had a trading volume of 3,100,618 shares, compared to its average volume of 3,525,165. News has a 52-week low of $22.85 and a 52-week high of $31.61. The company has a fifty day moving average of $26.17 and a 200 day moving average of $27.47. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 11.22 and a beta of 0.99. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. News had a net margin of 13.80% and a return on equity of 5.68%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, analysts anticipate that News will post 0.94 earnings per share for the current fiscal 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.