John Wiley & Sons, Inc. (NYSE:WLY – Get Free Report) declared a quarterly dividend on Thursday, June 27th, NASDAQ reports. Shareholders of record on Tuesday, July 9th will be paid a dividend of 0.3525 per share on Thursday, July 25th. This represents a $1.41 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, July 9th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35.
John Wiley & Sons has increased its dividend by an average of 0.7% annually over the last three years and has raised its dividend every year for the last 25 years. John Wiley & Sons has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings.
John Wiley & Sons Price Performance
Shares of WLY stock opened at $40.70 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.52. The company’s 50-day simple moving average is $38.21 and its two-hundred day simple moving average is $35.81. John Wiley & Sons has a one year low of $28.83 and a one year high of $43.72.
Insider Activity
In other news, EVP Jay Flynn sold 6,114 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the transaction, the executive vice president now directly owns 8,069 shares in the company, valued at $313,238.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.79% of the company’s stock.
John Wiley & Sons Company Profile
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.
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