MarketWise, Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:MKTW)

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.20 per share by the newsletter publisher on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th.

MarketWise has a dividend payout ratio of 64.0% indicating that its dividend is sufficiently covered by earnings.

MarketWise Trading Down 2.3%

MKTW stock opened at $16.59 on Tuesday. The stock’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $17.07. MarketWise has a 12-month low of $9.07 and a 12-month high of $21.74. The firm has a market cap of $271.58 million, a P/E ratio of 6.05 and a beta of 0.52.

MarketWise (NASDAQ:MKTW) last released its earnings results on Thursday, August 7th. The newsletter publisher reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.11). MarketWise had a net margin of 1.69% and a negative return on equity of 2.66%. The business had revenue of $79.95 million for the quarter, compared to the consensus estimate of $72.65 million.

Analysts Set New Price Targets

A number of equities analysts have commented on MKTW shares. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research note on Wednesday, October 8th. UBS Group reissued a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of MarketWise in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $20.00.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.