News Corporation (NASDAQ:NWSA) Declares Dividend of $0.10

News Corporation (NASDAQ:NWSA) declared a dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.10 per share on Wednesday, October 7th. This represents a dividend yield of 68.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

News has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect News to earn $1.21 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 16.5%.

News Price Performance

NWSA stock traded up $0.34 during midday trading on Thursday, hitting $29.40. The company’s stock had a trading volume of 3,746,036 shares, compared to its average volume of 4,550,551. The company has a 50 day moving average of $26.78 and a two-hundred day moving average of $25.66. News has a 12 month low of $22.20 and a 12 month high of $31.61. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 14.62 and a beta of 0.88. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSA) last issued its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.25 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, analysts expect that News will post 1.06 EPS for the current year.

Trending Headlines about News

Here are the key news stories impacting News this week:

• Positive Sentiment: Quarterly results exceeded expectations. News Corp reported fiscal Q4 revenue of $2.34 billion, up 10.8% year over year, and EPS of $0.35 versus the $0.21 analyst consensus. MarketBeat earnings report
• Positive Sentiment: Growth was broad-based. Digital Real Estate, Dow Jones and Book Publishing reportedly drove increases in revenue, EBITDA and earnings. The Wall Street Journal’s digital-only subscriptions also reached nearly 4.5 million on average, up from 4.33 million in the previous quarter. Zacks earnings report
• Positive Sentiment: Management characterized the quarter as record-setting. News Corp said it achieved its highest profitability on record while revenue increased 11%, reinforcing the investment case for its digital and subscription businesses. New York Post earnings report
• Positive Sentiment: Shareholder returns received support. News Corp declared a $0.10-per-share dividend, payable October 7 to shareholders of record September 9. The announced yield figure appears inconsistent with the dividend amount and should be independently verified.
• Neutral Sentiment: Investor reaction remains mixed. One third-party report cited sharp declines in gross profit, operating profit and net income, while company earnings reports highlighted record profitability. The conflicting figures may contribute to short-term volatility and warrant review of the official filing. Quiver Quantitative report

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.