MarketWise, Inc. (MKTW) to Issue Quarterly Dividend of $0.45 on December 18th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.45 per share by the newsletter publisher on Friday, December 18th. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, November 13th. This is a 125.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a payout ratio of 144.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect MarketWise to earn $3.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 59.4%.

MarketWise Stock Down 0.4%

Shares of MarketWise stock opened at $22.29 on Wednesday. The firm has a market cap of $351.51 million, a price-to-earnings ratio of 26.86 and a beta of 0.28. The business has a fifty day simple moving average of $19.29 and a 200-day simple moving average of $17.83. MarketWise has a fifty-two week low of $13.49 and a fifty-two week high of $23.00.

MarketWise (NASDAQ:MKTW) last released its earnings results on Thursday, November 5th. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.35. MarketWise had a negative return on equity of 0.94% and a net margin of 0.72%. The firm had revenue of $80.09 million for the quarter, compared to analyst estimates of $78.36 million. Analysts anticipate that MarketWise will post 0.67 earnings per share for the current fiscal year.

About MarketWise

MarketWise, Inc. is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing. The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.