John Wiley & Sons (NYSE:WLYB) Shares Down 7% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price dropped 7% during mid-day trading on Monday . The company traded as low as $42.27 and last traded at $41.19. Approximately 300 shares changed hands during trading, a decline of 49% from the average daily volume of 593 shares. The stock had previously closed at $44.30.

John Wiley & Sons Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.32 billion, a P/E ratio of -47.26 and a beta of 0.68. The company’s 50 day moving average is $42.20 and its 200-day moving average is $45.64.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th will be paid a $0.3525 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.28%. John Wiley & Sons’s dividend payout ratio is presently 190.54%.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.