News Corporation (NWSA) To Go Ex-Dividend on September 9th

News Corporation (NASDAQ:NWSA) announced 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 68.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

News has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect News to earn $1.44 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 13.9%.

News Stock Performance

NWSA stock opened at $30.39 on Monday. News has a 1-year low of $22.20 and a 1-year high of $31.66. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The firm has a market cap of $16.44 billion, a PE ratio of 29.50 and a beta of 0.91. The business’s 50-day moving average price is $28.49 and its two-hundred day moving average price is $26.40.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. News had a return on equity of 7.09% and a net margin of 6.35%.The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $0.19 earnings per share. News’s revenue was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that News will post 1.31 earnings per share for the current year.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.