News Corp (NASDAQ:NWSA) declared a semiannual dividend on Friday, February 8th, Wall Street Journal reports. Stockholders of record on Wednesday, March 13th will be given a dividend of 0.10 per share on Wednesday, April 17th. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 12th.

News has raised its dividend payment by an average of 26.0% per year over the last three years. News has a dividend payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect News to earn $0.46 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 43.5%.

NWSA stock opened at $12.46 on Friday. The company has a market capitalization of $7.43 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.15. News has a 12-month low of $10.65 and a 12-month high of $16.68.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. News had a positive return on equity of 2.71% and a negative net margin of 13.11%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company earned $0.24 earnings per share. News’s revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that News will post 0.39 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research raised News from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. ValuEngine lowered News from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. UBS Group raised News from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Citigroup raised News from a “neutral” rating to a “buy” rating in a report on Monday, January 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.17.

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News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

Further Reading: Coverage Ratio

Dividend History for News (NASDAQ:NWSA)

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