MarketWise, Inc. (NASDAQ:MKTW) Declares Quarterly Dividend of $0.45

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.45 per share by the newsletter publisher on Friday, December 18th. This represents a $1.80 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 13th. This is a 125.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect MarketWise to earn $3.03 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 33.0%.

MarketWise Stock Performance

MKTW stock opened at $19.70 on Wednesday. The firm’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $17.57. MarketWise has a 12-month low of $13.49 and a 12-month high of $22.83.

MarketWise (NASDAQ:MKTW) last posted its earnings results on Thursday, August 6th. The newsletter publisher reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.89). The firm had revenue of $75.81 million for the quarter, compared to the consensus estimate of $78.37 million. Equities research analysts anticipate that MarketWise will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarketWise

A hedge fund recently raised its stake in MarketWise stock. Copeland Capital Management LLC boosted its position in MarketWise, Inc. (NASDAQ:MKTW) by 34.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,125 shares of the newsletter publisher’s stock after purchasing an additional 2,580 shares during the quarter. Copeland Capital Management LLC owned approximately 0.06% of MarketWise worth $200,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

About MarketWise

MarketWise, Inc is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing.

The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.

MarketWise distributes its products primarily through digital channels, including websites, email, online publications and subscription platforms, serving customers in the United States and other international markets.