MarketWise, Inc. (NASDAQ:MKTW) Announces Quarterly Dividend of $0.20

MarketWise, Inc. (NASDAQ:MKTW – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.20 per share by the newsletter publisher on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 19th.

MarketWise has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect MarketWise to earn $3.17 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.5%.

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MarketWise Stock Down 0.4%

Shares of MarketWise stock traded down $0.10 during trading on Thursday, hitting $21.04. 2,988 shares of the stock traded hands, compared to its average volume of 19,412. The stock has a market cap of $328.69 million, a price-to-earnings ratio of 12.75 and a beta of 0.20. MarketWise has a 52 week low of $13.49 and a 52 week high of $22.83. The firm’s fifty day moving average is $18.52 and its 200-day moving average is $17.11.

MarketWise (NASDAQ:MKTW – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The newsletter publisher reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.89). MarketWise had a net margin of 1.29% and a negative return on equity of 1.86%. The firm had revenue of $75.81 million for the quarter, compared to analysts’ expectations of $78.37 million. On average, analysts forecast that MarketWise will post 1.64 earnings per share for the current fiscal year.

MarketWise Company Profile

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MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.

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