News Corporation (NASDAQ:NWS) to Issue Dividend of $0.10

News Corporation (NASDAQ:NWS) declared a dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 9th will be given a dividend of 0.10 per share on Wednesday, October 7th. This represents a dividend yield of 60.0%. The ex-dividend date is Wednesday, September 9th.

News has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of News stock opened at $33.13 on Thursday. The company has a 50 day moving average price of $30.43 and a 200 day moving average price of $29.26. The firm has a market capitalization of $18.14 billion, a P/E ratio of 16.48 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 has a 52 week low of $25.49 and a 52 week high of $35.58.

News (NASDAQ:NWS) last released its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. News had a net margin of 12.92% and a return on equity of 6.12%. Sell-side analysts expect that News will post 1.1 EPS for the current year.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.