John Wiley & Sons, Inc. (NYSE:WLYB) Announces Quarterly Dividend of $0.35

Posted by Logan Wallace on Mar 29th, 2024

John Wiley & Sons, Inc. (NYSE:WLYB – Get Free Report) declared a quarterly dividend on Wednesday, March 27th, Wall Street Journal reports. Shareholders of record on Tuesday, April 9th will be given a dividend of 0.35 per share on Thursday, April 25th. This represents a $1.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, April 8th.

John Wiley & Sons has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Trading Up 0.6 %

NYSE:WLYB opened at $37.95 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.20. John Wiley & Sons has a fifty-two week low of $28.35 and a fifty-two week high of $40.40. The firm’s 50 day moving average is $34.68 and its two-hundred day moving average is $33.25.

John Wiley & Sons (NYSE:WLYB – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $460.71 million for the quarter. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%.

Hedge Funds Weigh In On John Wiley & Sons

A number of large investors have recently bought and sold shares of WLYB. Tower Research Capital LLC TRC purchased a new position in John Wiley & Sons during the third quarter worth approximately $31,000. CSS LLC IL purchased a new position in shares of John Wiley & Sons in the 4th quarter valued at $202,000. Vanguard Group Inc. purchased a new position in shares of John Wiley & Sons in the 3rd quarter valued at $240,000. UBS Group AG purchased a new position in shares of John Wiley & Sons in the 3rd quarter valued at $355,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of John Wiley & Sons in the 3rd quarter valued at $384,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About John Wiley & Sons

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John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.