John Wiley & Sons (NYSE:WLYB) Hits New 1-Year High After Dividend Announcement

John Wiley & Sons, Inc. (NYSE:WLYB – Get Free Report)’s stock price hit a new 52-week high on Friday after the company announced a dividend. The company traded as high as $47.04 and last traded at $47.04, with a volume of 276 shares. The stock had previously closed at $45.32.

The newly announced dividend which will be paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.3575 per share. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a yield of 3.0%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 33.57%.

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John Wiley & Sons Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. The company’s fifty day simple moving average is $42.30 and its two-hundred day simple moving average is $36.55. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 11.12 and a beta of 0.58.

John Wiley & Sons (NYSE:WLYB – Get Free Report) last issued its quarterly earnings data on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The firm had revenue of $447.94 million during the quarter, compared to analysts’ expectations of $450.00 million.

John Wiley & Sons Company Profile

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John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley’s operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.

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