John Wiley & Sons, Inc. (NYSE:WLY) Shares to Pay Quarterly Dividend of $0.36

John Wiley & Sons, Inc. (NYSE:WLY – Get Free Report) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Tuesday, October 6th will be paid a dividend of $0.3575 per share on Thursday, October 22nd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, October 6th.

John Wiley & Sons has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 26 consecutive years. John Wiley & Sons has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities 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 $1.43 annual dividend with an expected future payout ratio of 27.0%.

John Wiley & Sons Stock Up 1.9%

Shares of John Wiley & Sons stock traded up $0.89 during midday trading on Thursday, hitting $48.64. The company had a trading volume of 386,616 shares, compared to its average volume of 520,529. John Wiley & Sons has a 52-week low of $28.38 and a 52-week high of $57.45. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market capitalization of $2.47 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.31 and a beta of 0.78. The company has a 50 day moving average of $50.93 and a 200 day moving average of $45.27.

John Wiley & Sons (NYSE:WLY – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%.The business had revenue of $386.36 million during the quarter, compared to analysts’ expectations of $380.20 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. On average, equities analysts predict that John Wiley & Sons will post 4.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On John Wiley & Sons

Several hedge funds and other institutional investors have recently bought and sold shares of WLY. Clarkston Capital Partners LLC grew its stake in shares of John Wiley & Sons by 18.6% in the fourth quarter. Clarkston Capital Partners LLC now owns 2,617,945 shares of the company’s stock worth $80,188,000 after acquiring an additional 410,121 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of John Wiley & Sons by 14.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,829,676 shares of the company’s stock worth $69,711,000 after buying an additional 228,864 shares during the last quarter. Access Investment Management LLC boosted its holdings in shares of John Wiley & Sons by 135.0% in the first quarter. Access Investment Management LLC now owns 366,520 shares of the company’s stock worth $13,964,000 after buying an additional 210,580 shares during the last quarter. Ancora Advisors LLC bought a new stake in John Wiley & Sons during the second quarter valued at approximately $8,722,000. Finally, Thompson Siegel & Walmsley LLC grew its position in John Wiley & Sons by 139.7% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 235,461 shares of the company’s stock valued at $7,212,000 after buying an additional 137,247 shares during the period. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Company Profile

(Get Free Report)

John Wiley & Sons, Inc is a global publishing and education company that provides knowledge, learning and research resources to individuals, institutions and organizations. Founded in 1807 by Charles Wiley, the company has a long history of serving the academic, scientific, technical, professional and education markets.

Wiley publishes scholarly journals, research databases, reference materials, textbooks, professional books and digital learning products. Its offerings support researchers, educators, students and working professionals across areas including science, technology, business, finance, health, engineering and the social sciences.

The company distributes its products through print and digital channels, including online platforms, subscription services, institutional licenses and direct sales.

Further Reading

Dividend History for John Wiley & Sons (NYSE:WLY)

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