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

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.01 per share by the newsletter publisher on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Tuesday, March 18th.

MarketWise has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings.

MarketWise Stock Up 8.6 %

MKTW opened at $0.82 on Wednesday. The firm has a market capitalization of $265.94 million, a P/E ratio of 6.83 and a beta of 0.39. The firm’s 50 day moving average is $0.59 and its 200-day moving average is $0.61. MarketWise has a 52-week low of $0.46 and a 52-week high of $2.12.

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.