John Wiley & Sons, Inc. (NYSE:WLYB) Declares Dividend Increase – $0.36 Per Share

John Wiley & Sons, Inc. (NYSE:WLYB) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Tuesday, July 7th will be given a dividend of 0.3575 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. 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% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of NYSE:WLYB opened at $44.92 on Friday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 10.62 and a beta of 0.58. John Wiley & Sons has a one year low of $29.16 and a one year high of $45.41. The firm has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $36.55. 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:WLYB) last posted its earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.65 by $0.02. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The business had revenue of $447.94 million during the quarter, compared to analysts’ expectations of $450.00 million.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley’s operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.