John Wiley & Sons Inc. - 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.
At the current share price of $34.92 / share, the stock's dividend yield is 4.01%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.35%, the lowest has been 2.58%, and the highest has been 4.43%. The standard deviation of yields is 0.51 (n=68).
The current dividend yield is 1.31 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -1.35. 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's 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 544 funds or institutions reporting positions in John Wiley & Sons Inc. -. This is a decrease of 14 owner(s) or 2.51% in the last quarter. Average portfolio weight of all funds dedicated to WLY is 0.12%, a decrease of 17.08%. Total shares owned by institutions increased in the last three months by 2.02% to 49,337K shares. 
The put/call ratio of WLY is 1.86, indicating a bearish outlook.
Analyst Price Forecast Suggests 31.44% Upside
As of October 5, 2023, the average one-year price target for John Wiley & Sons Inc. - is 45.90. The forecasts range from a low of 45.45 to a high of $47.25. The average price target represents an increase of 31.44% from its latest reported closing price of 34.92.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for John Wiley & Sons Inc. - is 2,215MM, an increase of 11.68%. The projected annual non-GAAP EPS is 3.97.
What are Other Shareholders Doing?
SDY - SPDR(R) S&P(R) Dividend ETF holds 3,019K shares representing 5.47% ownership of the company. In it's prior filing, the firm reported owning 2,836K shares, representing an increase of 6.09%. The firm decreased its portfolio allocation in WLY by 3.33% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,004K shares representing 5.44% ownership of the company.
Clarkston Capital Partners holds 2,877K shares representing 5.21% ownership of the company. In it's prior filing, the firm reported owning 2,883K shares, representing a decrease of 0.21%. The firm decreased its portfolio allocation in WLY by 15.54% over the last quarter.
Champlain Investment Partners holds 2,005K shares representing 3.63% ownership of the company. In it's prior filing, the firm reported owning 2,098K shares, representing a decrease of 4.63%. The firm decreased its portfolio allocation in WLY by 17.96% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,317K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 1,311K shares, representing an increase of 0.47%. The firm decreased its portfolio allocation in WLY by 18.63% over the last quarter.
John Wiley & Sons Background Information
(This description is provided by the company.)
John Wiley & Sons Inc. drives the world forward with research and education. Through publishing, platforms and services, the company helps students, researchers, universities, and corporations to achieve their goals in an ever-changing world. For more than 200 years, Wiley has delivered consistent performance to all of its stakeholders.
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.
