MarketWise, Inc. (NASDAQ:MKTW) Declares Quarterly Dividend of $0.01

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Monday, November 25th will be paid a dividend of 0.01 per share by the newsletter publisher on Thursday, December 26th. This represents a $0.04 annualized dividend and a yield of 7.54%. The ex-dividend date is Monday, November 25th.

MarketWise has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

MarketWise Price Performance

MKTW opened at $0.53 on Friday. The firm has a market capitalization of $172.02 million, a price-to-earnings ratio of 4.42 and a beta of 0.46. The company’s 50 day simple moving average is $0.61 and its two-hundred day simple moving average is $0.94. MarketWise has a 1-year low of $0.47 and a 1-year high of $3.50.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.