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

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price gapped up before the market opened on Thursday following a dividend announcement from the company. The stock had previously closed at $37.00, but opened at $38.56. John Wiley & Sons shares last traded at $38.56, with a volume of 109 shares changing hands.

The newly announced dividend which will be paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio (DPR) is currently 49.48%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of John Wiley & Sons in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, John Wiley & Sons presently has a consensus rating of “Hold”.

John Wiley & Sons Price Performance

The stock has a market capitalization of $1.98 billion, a P/E ratio of 13.44 and a beta of 0.74. The business has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $34.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.57 and a current ratio of 0.59.

John Wiley & Sons (NYSE:WLYB) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. The company had revenue of $410.04 million during the quarter, compared to analyst estimates of $391.00 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.