John Wiley & Sons, Inc. (NYSE:WLY) Increases Dividend to $0.36 Per Share

John Wiley & Sons, Inc. (NYSE:WLY) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Tuesday, July 7th will be given a dividend of 0.3575 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 0.7% increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 26 consecutive years. John Wiley & Sons has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities 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 $1.42 annual dividend with an expected future payout ratio of 26.8%.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $45.60 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.78 and a beta of 0.80. The company’s 50-day simple moving average is $42.47 and its 200-day simple moving average is $36.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.54. John Wiley & Sons has a one year low of $28.38 and a one year high of $48.19.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The business had revenue of $447.94 million during the quarter, compared to the consensus estimate of $450.00 million. During the same period in the previous year, the business earned $1.37 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. Equities analysts anticipate that John Wiley & Sons will post 4.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On John Wiley & Sons

A number of institutional investors have recently bought and sold shares of WLY. Caitong International Asset Management Co. Ltd boosted its holdings in shares of John Wiley & Sons by 264.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 827 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares during the period. EverSource Wealth Advisors LLC grew its holdings in John Wiley & Sons by 519.8% during the second quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $25,000 after purchasing an additional 473 shares during the last quarter. Optiver Holding B.V. bought a new position in John Wiley & Sons in the 1st quarter worth $26,000. Allworth Financial LP increased its stake in shares of John Wiley & Sons by 1,595.7% in the third quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $32,000 after purchasing an additional 734 shares during the period. Finally, Empowered Funds LLC bought a new position in John Wiley & Sons in the 4th quarter worth approximately $37,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.