News Corporation (NWS) to Issue Dividend of $0.10 on April 8th

News Corporation (NASDAQ:NWS) announced a dividend on Thursday, February 5th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.10 per share on Wednesday, April 8th. This represents a yield of 73.0%. The ex-dividend date is Wednesday, March 11th.

News has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect News to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 20.6%.

News Stock Performance

NWS stock opened at $27.70 on Monday. News has a 1-year low of $25.49 and a 1-year high of $35.58. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $28.58 and a 200-day moving average price of $30.14. The firm has a market cap of $15.38 billion, a PE ratio of 13.65 and a beta of 0.96.

News (NASDAQ:NWS) last released its earnings results on Thursday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.25 by $0.15. News had a return on equity of 5.94% and a net margin of 13.35%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, equities research analysts expect that News will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NWS. Vanguard Group Inc. raised its holdings in shares of News by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock valued at $301,141,000 after purchasing an additional 1,344,287 shares during the last quarter. L1 Capital Pty Ltd boosted its holdings in News by 26.2% during the fourth quarter. L1 Capital Pty Ltd now owns 4,273,704 shares of the company’s stock worth $126,630,000 after purchasing an additional 886,156 shares during the last quarter. Geode Capital Management LLC grew its position in News by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,728,263 shares of the company’s stock worth $110,314,000 after purchasing an additional 124,871 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in News by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,960,509 shares of the company’s stock valued at $67,733,000 after buying an additional 7,675 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of News by 2,991.9% during the 4th quarter. Bank of Montreal Can now owns 1,947,039 shares of the company’s stock worth $57,691,000 after buying an additional 1,884,066 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.