John Wiley & Sons (NYSE:WLYB) Hits New 52-Week High After Dividend Announcement

John Wiley & Sons, Inc. (NYSE:WLYB) shares hit a new 52-week high during trading on Friday after the company announced a dividend. The company traded as high as $47.04 and last traded at $47.04, with a volume of 276 shares traded. The stock had previously closed at $45.32.

The newly announced dividend which will be paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, July 7th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio is presently 33.57%.

John Wiley & Sons Price Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 11.12 and a beta of 0.58. The business’s fifty day simple moving average is $42.30 and its 200 day simple moving average is $36.55.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings data on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.02. The firm had revenue of $447.94 million for the quarter, compared to analyst estimates of $450.00 million. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley’s operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.