John Wiley & Sons, Inc. Announces Quarterly Dividend of $0.35 (NYSE:WLY)

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Wednesday, March 27th, NASDAQ reports. Investors of record on Tuesday, April 9th will be paid a dividend of 0.35 per share on Thursday, April 25th. This represents a $1.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, April 8th.

John Wiley & Sons has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of WLY stock opened at $37.97 on Thursday. John Wiley & Sons has a 12-month low of $28.83 and a 12-month high of $40.23. The firm has a 50 day moving average price of $34.71 and a two-hundred day moving average price of $33.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.54.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. The firm had revenue of $460.70 million for the quarter, compared to analyst estimates of $392.60 million. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Research analysts predict that John Wiley & Sons will post 2.55 earnings per share for the current year.

Insider Transactions at John Wiley & Sons

In other John Wiley & Sons news, EVP Todd Zipper sold 3,935 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $31.12, for a total value of $122,457.20. Following the transaction, the executive vice president now directly owns 16,787 shares of the company’s stock, valued at approximately $522,411.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.79% of the company’s stock.

Institutional Trading of John Wiley & Sons

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of John Wiley & Sons by 38.0% during the second quarter. BlackRock Inc. now owns 6,932,640 shares of the company’s stock worth $235,918,000 after purchasing an additional 1,909,145 shares during the period. Vanguard Group Inc. bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at about $175,812,000. State Street Corp acquired a new stake in shares of John Wiley & Sons in the third quarter valued at about $174,063,000. Dimensional Fund Advisors LP raised its position in shares of John Wiley & Sons by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,620,291 shares of the company’s stock worth $62,818,000 after acquiring an additional 111,954 shares during the last quarter. Finally, Palisade Capital Management LP lifted its stake in shares of John Wiley & Sons by 1.1% in the fourth quarter. Palisade Capital Management LP now owns 950,295 shares of the company’s stock worth $38,069,000 after acquiring an additional 10,060 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

About John Wiley & Sons

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.