MarketWise, Inc. (NASDAQ:MKTW) to Issue Dividend Increase – $0.25 Per Share

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.25 per share by the newsletter publisher on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. This is a 25.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect MarketWise to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.7%.

MarketWise Trading Up 3.9%

NASDAQ:MKTW opened at $17.41 on Wednesday. MarketWise has a 1 year low of $13.01 and a 1 year high of $21.74. The firm has a 50 day moving average of $16.29 and a 200-day moving average of $15.88. The stock has a market capitalization of $279.60 million, a P/E ratio of 7.60 and a beta of 0.25.

MarketWise (NASDAQ:MKTW) last posted its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.99. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. The company had revenue of $83.39 million during the quarter, compared to analysts’ expectations of $70.60 million. As a group, analysts forecast that MarketWise will post 2.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MKTW. Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketWise in a research note on Tuesday, April 21st. Wall Street Zen raised MarketWise from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, MarketWise presently has an average rating of “Hold” and a consensus price target of $20.00.

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.