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

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.3575 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date 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 raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 26 consecutive years. John Wiley & Sons has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect John Wiley & Sons to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 26.8%.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $45.60 on Friday. The company has a market capitalization of $2.34 billion, a PE ratio of 10.78 and a beta of 0.80. The business has a 50 day simple moving average of $42.47 and a 200 day simple moving average of $36.20. John Wiley & Sons has a one year low of $28.38 and a one year high of $48.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. The firm had revenue of $447.94 million for the quarter, compared to analyst estimates of $450.00 million. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. On average, sell-side analysts forecast that John Wiley & Sons will post 4.8 EPS for the current fiscal year.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.