MarketWise, Inc. (MKTW) to Issue Quarterly Dividend of $0.25 on June 25th

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be paid a dividend of 0.25 per share by the newsletter publisher on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, May 15th. This is a 25.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect MarketWise to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.7%.

MarketWise Price Performance

MarketWise stock opened at $18.06 on Wednesday. The firm has a market capitalization of $290.04 million, a P/E ratio of 10.95 and a beta of 0.25. MarketWise has a 1-year low of $13.49 and a 1-year high of $21.74. The company’s 50-day moving average is $16.69 and its 200 day moving average is $16.01.

MarketWise (NASDAQ:MKTW) last issued its earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a net margin of 1.29% and a negative return on equity of 1.86%. The company had revenue of $77.03 million for the quarter, compared to analysts’ expectations of $80.74 million. Research analysts anticipate that MarketWise will post 2.92 earnings per share for the current fiscal year.

MarketWise Company Profile

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.