News Corporation to Issue Dividend of $0.10 (NASDAQ:NWS)

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

News has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect News to earn $1.12 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 17.9%.

News Stock Up 1.3%

Shares of NASDAQ:NWS opened at $33.13 on Thursday. News has a 52-week low of $25.49 and a 52-week high of $35.58. The stock has a market cap of $18.14 billion, a P/E ratio of 16.48 and a beta of 0.88. The business has a fifty day moving average of $30.43 and a two-hundred day moving average of $29.26. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. News had a return on equity of 6.12% and a net margin of 12.92%. On average, research analysts expect that News will post 1.1 earnings per share 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.