John Wiley & Sons (NYSE:WLYB) Shares Gap Up After Dividend Announcement

John Wiley & Sons, Inc. (NYSE:WLYB) gapped up prior to trading on Thursday following a dividend announcement from the company. The stock had previously closed at $47.15, but opened at $48.50. John Wiley & Sons shares last traded at $48.50, with a volume of 814 shares.

The newly announced dividend which will be paid on Thursday, October 22nd. Shareholders of record on Tuesday, October 6th will be issued a dividend of $0.3575 per share. The ex-dividend date is Tuesday, October 6th. This represents a $1.43 annualized dividend and a yield of 3.0%. John Wiley & Sons’s dividend payout ratio is presently 37.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

John Wiley & Sons Trading Down 1.6%

The firm’s fifty day moving average is $51.02 and its two-hundred day moving average is $45.37. The firm has a market capitalization of $2.42 billion, a PE ratio of 12.64 and a beta of 0.55. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.64 and a quick ratio of 0.61.

John Wiley & Sons (NYSE:WLYB) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $386.36 million for the quarter, compared to analyst estimates of $380.20 million. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge-services company that develops content and learning solutions for researchers, students, educators, professionals and organizations. Its offerings include scholarly journals, academic books, reference materials, digital learning products, online courseware and professional development resources.

Wiley supports the research ecosystem by publishing scientific, technical, medical and scholarly content, as well as providing platforms and services that help researchers discover, access and share information.