The New York Times Company (NYT) to Issue Quarterly Dividend of $0.18 on January 16th

The New York Times Company (NYSE:NYT) declared a quarterly dividend on Thursday, December 18th. Investors of record on Tuesday, January 6th will be paid a dividend of 0.18 per share on Friday, January 16th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 6th.

New York Times has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 7 years. New York Times has a dividend payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect New York Times to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 30.6%.

New York Times Trading Up 0.6%

NYT opened at $69.81 on Friday. New York Times has a 1-year low of $44.83 and a 1-year high of $71.23. The stock has a market capitalization of $11.33 billion, a PE ratio of 34.06, a PEG ratio of 1.52 and a beta of 1.12. The firm has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $59.49.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $700.82 million for the quarter, compared to analyst estimates of $692.01 million. New York Times had a net margin of 12.29% and a return on equity of 20.30%. New York Times’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. On average, research analysts predict that New York Times will post 2.08 EPS for the current year.

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.