News Corporation (NWSA) to Issue Dividend of $0.10 on April 8th

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

News has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.4%

NWSA opened at $24.62 on Monday. News has a 1-year low of $22.20 and a 1-year high of $31.61. The firm’s 50 day simple moving average is $25.10 and its two-hundred day simple moving average is $26.57. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $13.67 billion, a PE ratio of 12.13 and a beta of 0.98.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. News had a return on equity of 5.94% and a net margin of 13.35%.The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities analysts forecast that News will post 0.94 EPS for the current 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.