Fox Corporation (FOXA) To Go Ex-Dividend on September 2nd

Fox Corporation (NASDAQ:FOXA) announced a dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.29 per share on Wednesday, September 23rd. This represents a yield of 94.0%. The ex-dividend date of this dividend is Wednesday, September 2nd.

FOX has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. FOX has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FOX to earn $5.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 10.0%.

FOX Price Performance

FOXA stock opened at $68.42 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.99. The firm has a market capitalization of $28.71 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.23 and a beta of 0.54. The business’s 50-day moving average is $59.10 and its two-hundred day moving average is $60.31. FOX has a 1 year low of $48.34 and a 1 year high of $76.39.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%.The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. Analysts anticipate that FOX will post 5.94 earnings per share for the current fiscal year.

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.