John Wiley & Sons, Inc. (WLY) to Distribute Quarterly Dividend of $0.36 on July 23rd

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.3575 per share on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, July 7th. This is a 0.7% increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 26 years. John Wiley & Sons has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect John Wiley & Sons to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 26.8%.

John Wiley & Sons Trading Up 5.3%

Shares of NYSE:WLY opened at $47.95 on Friday. The business’s 50 day moving average price is $42.62 and its 200-day moving average price is $36.28. John Wiley & Sons has a 1 year low of $28.38 and a 1 year high of $48.31. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.65 by $0.02. The company had revenue of $447.94 million during the quarter, compared to analyst estimates of $450.00 million. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. On average, equities research analysts forecast that John Wiley & Sons will post 4.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WLY shares. Weiss Ratings upgraded shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Zacks Research lowered shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.