John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) shares saw unusually-high trading volume on Tuesday . Approximately 219 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 172 shares.The stock last traded at $42.90 and had previously closed at $42.94.

John Wiley & Sons Stock Performance

The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market cap of $2.26 billion, a P/E ratio of -45.92 and a beta of 0.72. The stock has a 50-day simple moving average of $48.20 and a 200-day simple moving average of $46.99.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $0.3525 per share. The ex-dividend date is Thursday, December 26th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.37%. John Wiley & Sons’s payout ratio is -154.95%.

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.