MarketWise, Inc. (MKTW) to Issue Dividend of $0.03 on February 26th

MarketWise, Inc. (NASDAQ:MKTW) declared a dividend on Wednesday, January 15th,investing.com reports. Stockholders of record on Wednesday, January 29th will be paid a dividend of 0.03 per share by the newsletter publisher on Wednesday, February 26th. This represents a dividend yield of 17.91%. The ex-dividend date is Wednesday, January 29th.

MarketWise has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings.

MarketWise Price Performance

MarketWise stock traded down $0.07 during trading on Friday, reaching $0.60. 939,537 shares of the company were exchanged, compared to its average volume of 753,903. The stock’s 50 day simple moving average is $0.53 and its two-hundred day simple moving average is $0.72. The company has a market capitalization of $195.31 million, a P/E ratio of 5.02 and a beta of 0.38. MarketWise has a 52-week low of $0.46 and a 52-week high of $2.71.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.