John Wiley & Sons Inc. - Class B said on September 28, 2023 that its board of directors declared a regular quarterly dividend of $0.35 per share ($1.40 annualized). Previously, the company paid $0.35 per share.
Shareholders of record as of October 10, 2023 will receive the payment on October 25, 2023.
Looking back five years and taking a sample every week, the average dividend yield has been 3.14%, the lowest has been 2.19%, and the highest has been 5.14%. The standard deviation of yields is 0.66 (n=138).
The current dividend yield is ∞ standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -1.68. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 22 funds or institutions reporting positions in John Wiley & Sons Inc. - Class B. This is a decrease of 1 owner(s) or 4.35% in the last quarter. Average portfolio weight of all funds dedicated to WLYB is 0.01%, an increase of 556.24%. Total shares owned by institutions increased in the last three months by 6.39% to 274K shares.
Analyst Price Forecast Suggests ∞% Upside
As of April 24, 2023, the average one-year price target for John Wiley & Sons Inc. - Class B is 52.80. The forecasts range from a low of 52.28 to a high of $54.35. The average price target represents an increase of ∞% from its latest reported closing price of 0.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for John Wiley & Sons Inc. - Class B is 2,215MM, an increase of 11.68%. The projected annual non-GAAP EPS is 3.97.
What are Other Shareholders Doing?
Royal Bank Of Canada holds 38K shares representing 0.07% ownership of the company. No change in the last quarter.
Cannell Peter B holds 20K shares representing 0.04% ownership of the company. No change in the last quarter.
Caldwell Securities holds 17K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 97.95%. The firm increased its portfolio allocation in WLYB by 3,020.67% over the last quarter.
Neuberger Berman Group holds 10K shares representing 0.02% ownership of the company. No change in the last quarter.
UBS Group holds 8K shares representing 0.01% ownership of the company. No change in the last quarter.
Additional reading:
- EMPLOYEES’ RETIREMENT PLAN OF JOHN WILEY & SONS, INC. Effective as of January 1, 1955 Amended and Restated as of June 30, 2013 and including IRS Requested Amendments through January 1, 2014 Amended and Restated as of January 1, 2023
- RESTRICTED SHARE UNIT GRANT AGREEMENT UNDER THE EXECUTIVE LONG-TERM INCENTIVE PLAN, UNDER THE BUSINESS OFFICER EQUITY PROGRAM, PURSUANT TO THE 2022 OMNIBUS STOCK PLAN AND LONG-TERM INCENTIVE PLAN
- PERFORMANCE SHARE UNIT GRANT AGREEMENT PURSUANT TO THE 2022 OMNIBUS STOCK PLAN AND LONG-TERM INCENTIVE PLAN
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
