MarketWise, Inc. (NASDAQ:MKTW) Declares Quarterly Dividend of $0.20

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Monday, March 2nd. Investors of record on Wednesday, March 18th will be given a dividend of 0.20 per share by the newsletter publisher on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, March 18th.

MarketWise has a payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

MarketWise Price Performance

NASDAQ MKTW opened at $14.15 on Monday. The company’s fifty day moving average is $15.24 and its two-hundred day moving average is $15.77. MarketWise has a 52-week low of $9.07 and a 52-week high of $21.74. The firm has a market capitalization of $227.25 million, a price-to-earnings ratio of 6.18 and a beta of 0.55.

MarketWise (NASDAQ:MKTW) last released its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.99. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. The business had revenue of $83.39 million during the quarter, compared to analysts’ expectations of $70.60 million.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.