John Wiley & Sons, Inc. (NYSE:WLYB) to Issue Dividend Increase – $0.35 Per Share

John Wiley & Sons, Inc. (NYSE:WLYB) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders 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 dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35.

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

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock opened at $46.76 on Tuesday. The firm has a market capitalization of $2.53 billion, a P/E ratio of -51.38 and a beta of 0.69. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. John Wiley & Sons has a 52 week low of $30.64 and a 52 week high of $52.90. The firm’s 50 day moving average is $50.13 and its two-hundred day moving average is $46.20.

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.