News Co. (NASDAQ:NWSA) Announces Quarterly Dividend of $0.10

News Co. (NASDAQ:NWSA) announced a quarterly dividend on Wednesday, February 5th, RTT News reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.10 per share on Wednesday, April 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, March 12th.

News has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect News to earn $1.12 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 17.9%.

News Stock Down 1.1 %

Shares of NWSA stock opened at $27.96 on Monday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 38.30 and a beta of 1.34. News has a one year low of $22.65 and a one year high of $30.69. The company’s fifty day moving average price is $28.27 and its 200-day moving average price is $27.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. Sell-side analysts expect that News will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWSA has been the topic of a number of research reports. Citigroup initiated coverage on shares of News in a report on Friday, January 10th. They issued a “buy” rating and a $36.00 price target on the stock. Loop Capital reduced their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Guggenheim lifted their price target on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday, January 31st. Finally, UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.25.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.