MarketWise, Inc. (NASDAQ:MKTW) Declares Quarterly Dividend of $0.20

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.20 per share by the newsletter publisher on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, August 19th.

MarketWise has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect MarketWise to earn $3.17 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.5%.

MarketWise Trading Down 1.1%

MKTW traded down $0.24 during trading on Thursday, reaching $20.89. The stock had a trading volume of 3,023 shares, compared to its average volume of 19,412. The company has a market capitalization of $326.43 million, a price-to-earnings ratio of 12.66 and a beta of 0.20. The stock’s 50 day moving average is $18.52 and its two-hundred day moving average is $17.11. MarketWise has a one year low of $13.49 and a one year high of $22.83.

MarketWise (NASDAQ:MKTW) last released its earnings results on Thursday, August 6th. The newsletter publisher reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.89). MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The business had revenue of $75.81 million during the quarter, compared to analysts’ expectations of $78.37 million. On average, equities research analysts predict that MarketWise will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on MKTW shares. Wall Street Zen cut MarketWise from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings upgraded shares of MarketWise from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MarketWise has an average rating of “Hold” and an average target price of $20.00.

About MarketWise

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.