Fox Co. (NASDAQ:FOX) Declares Quarterly Dividend of $0.27

Fox Co. (NASDAQ:FOX) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.27 per share on Wednesday, March 26th. This represents a $1.08 annualized dividend and a dividend yield of 2.10%.

FOX has increased its dividend by an average of 4.1% annually over the last three years. FOX has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect FOX to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 14.3%.

FOX Stock Performance

Shares of FOX stock opened at $51.52 on Tuesday. FOX has a 1 year low of $25.82 and a 1 year high of $51.52. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.76 and a beta of 0.82. The stock’s 50-day moving average is $45.83 and its two-hundred day moving average is $40.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.35. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.37 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same period last year, the firm earned $1.09 EPS. Analysts predict that FOX will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on FOX shares. Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.06% of the stock is currently owned by company insiders.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.