Fox Corporation (NASDAQ:FOX – Get Free Report) announced a dividend on Thursday, August 6th. Shareholders 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 105.0%. The ex-dividend date of this dividend is Wednesday, September 2nd.
FOX has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. FOX has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FOX to earn $5.74 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 9.8%.
FOX Stock Performance
NASDAQ:FOX opened at $57.03 on Friday. The company has a quick ratio of 2.65, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. FOX has a fifty-two week low of $44.08 and a fifty-two week high of $68.18. The stock has a market cap of $23.96 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57. The firm’s fifty day simple moving average is $51.63 and its 200-day simple moving average is $54.70.
FOX Company Profile
Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.
FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.
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