Fox Corporation (NASDAQ:FOXA) Plans Dividend of $0.29

Fox Corporation (NASDAQ:FOXA – Get Free Report) announced a dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.29 per share on Wednesday, September 23rd. This represents a dividend yield of 94.0%. The ex-dividend date is Wednesday, September 2nd.

FOX has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. FOX has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect FOX to earn $5.75 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 9.7%.

Get FOX alerts:

FOX Stock Up 5.3%

FOXA opened at $61.77 on Friday. FOX has a twelve month low of $48.34 and a twelve month high of $76.39. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $57.48 and a 200 day moving average price of $60.68. The company has a market cap of $25.96 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.54.

FOX (NASDAQ:FOXA – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.35. FOX had a return on equity of 18.90% and a net margin of 10.56%.The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm posted $1.27 EPS. FOX’s revenue was up 28.1% compared to the same quarter last year. Sell-side analysts expect that FOX will post 4.96 earnings per share for the current fiscal year.

About FOX

(Get Free Report)

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.

Recommended Stories

• Five stocks we like better than FOX
• Western Digital Stock Falls 12% Despite Beating Earnings Estimates
• One Comment on CVS’s Earnings Call Sent the Stock Tumbling
• Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
• 4 Oil and Gas ETF Plays as Prices Stay Sky-High

Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.