The New York Times Company (NYT) To Go Ex-Dividend on October 7th

The New York Times Company (NYSE:NYT) announced a quarterly dividend on Friday, September 25th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share on Thursday, October 22nd. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, October 7th.

New York Times has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 7 years. New York Times has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect New York Times to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 29.6%.

New York Times Stock Up 0.1%

Shares of NYSE:NYT opened at $62.78 on Monday. New York Times has a fifty-two week low of $54.10 and a fifty-two week high of $87.10. The company has a market cap of $10.13 billion, a PE ratio of 26.16, a P/E/G ratio of 1.62 and a beta of 0.93. The firm has a 50-day simple moving average of $67.58 and a 200 day simple moving average of $73.76.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to analysts’ expectations of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.New York Times’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, research analysts forecast that New York Times will post 2.84 EPS for the current fiscal year.

Key Headlines Impacting New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: The latest coverage demonstrates broad content across politics, international affairs, health, culture and sports, including extensive The Athletic live coverage. This breadth may support traffic, subscriptions and advertising, although the articles do not provide quantitative audience data. Lions vs. Panthers score, live updates
• Positive Sentiment: High-profile political and global reporting—covering Brazil’s election, U.S. midterm races, Middle East tensions and U.S.-Russia talks—could help sustain reader interest in the Times’ core news product. Lula and Bolsonaro Son Head to Runoff for Brazil’s Presidency
• Neutral Sentiment: Most of the other articles are routine news, opinion and entertainment coverage, including dance, television, music, elections, public health and professional sports. They reinforce the breadth of NYT’s publishing platform but contain no disclosed change to revenue, costs or strategy. Fall for Dance Returns, With an A-for-Effort Stunt
• Negative Sentiment: An external analysis argues that New York Times is an expensive legacy-media stock without a durable competitive moat. That valuation critique may weigh on the shares, particularly as the stock trades below its key moving averages despite recent earnings and revenue growth. New York Times: Beware of Expensive Legacy Stocks With No Moat

About New York Times

The New York Times Company is a media and information company best known for publishing The New York Times, a global news organization founded in 1851. The company produces journalism across national and international news, politics, business, culture, science, sports and opinion, distributing its content through digital platforms and the newspaper’s print edition.

In addition to its core news business, the company offers a range of subscription products and services, including NYT Cooking, Games, Audio and Wirecutter, a product-recommendation service.