John Wiley & Sons, Inc. (NYSE:WLYB) Increases Dividend to $0.36 Per Share

John Wiley & Sons, Inc. (NYSE:WLYB) announced a quarterly dividend on Thursday, June 25th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.3575 per share on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 0.7% increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of NYSE WLYB opened at $44.92 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 10.62 and a beta of 0.58. The business’s fifty day simple moving average is $42.30 and its 200-day simple moving average is $36.55. John Wiley & Sons has a 12-month low of $29.16 and a 12-month high of $45.41. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

John Wiley & Sons (NYSE:WLYB) last released its earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.65 by $0.02. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The firm had revenue of $447.94 million during the quarter, compared to analysts’ expectations of $450.00 million.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley’s operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.