News Corporation (NWS) to Issue Dividend of $0.10 on October 7th

News Corporation (NASDAQ:NWS) declared a dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 9th will be given a dividend of 0.10 per share on Wednesday, October 7th. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

News has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect News to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.0%.

News Stock Performance

NASDAQ NWS opened at $33.87 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. News has a 1-year low of $25.49 and a 1-year high of $35.31. The firm has a market capitalization of $18.54 billion, a P/E ratio of 32.88 and a beta of 0.88. The business’s 50-day simple moving average is $30.50 and its 200-day simple moving average is $29.28.

News (NASDAQ:NWS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.07%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Equities analysts predict that News will post 1.12 EPS for the current year.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.