John Wiley & Sons, Inc. (WLYB) to Issue Quarterly Dividend of $0.35 on January 9th

John Wiley & Sons, Inc. (NYSE:WLYB) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Thursday, December 26th will be paid a dividend of 0.3525 per share on Thursday, January 9th. This represents a $1.41 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35.

John Wiley & Sons has raised its dividend by an average of 0.7% annually over the last three years and has raised its dividend annually for the last 26 consecutive years. John Wiley & Sons has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $45.38 on Wednesday. John Wiley & Sons has a twelve month low of $30.64 and a twelve month high of $52.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market cap of $2.46 billion, a P/E ratio of -49.87 and a beta of 0.69. The firm’s 50-day simple moving average is $50.05 and its 200-day simple moving average is $46.28.

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.