MarketWise, Inc. (MKTW) To Go Ex-Dividend on August 19th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.20 per share by the newsletter publisher on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

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 $2.90 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 34.5%.

MarketWise Price Performance

MarketWise stock opened at $19.39 on Monday. The stock has a fifty day moving average price of $18.92 and a two-hundred day moving average price of $17.27. MarketWise has a 52-week low of $13.49 and a 52-week high of $22.83. The firm has a market capitalization of $305.78 million, a P/E ratio of 22.03 and a beta of 0.20.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, August 6th. The newsletter publisher reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.89). MarketWise had a net margin of 0.70% and a negative return on equity of 0.96%. The company had revenue of $75.81 million for the quarter, compared to the consensus estimate of $78.37 million. On average, equities research analysts predict that MarketWise will post 1.13 EPS 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.