News Co. (NASDAQ:NWS) to Issue $0.10 Semi-annual Dividend

News Co. (NASDAQ:NWS) declared a semi-annual dividend on Friday, February 7th,Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.10 per share on Wednesday, April 9th. This represents a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 12th.

News has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings.

News Trading Up 2.5 %

Shares of NASDAQ NWS traded up $0.84 during mid-day trading on Friday, reaching $33.80. The company had a trading volume of 1,400,861 shares, compared to its average volume of 746,876. The business’s 50-day moving average is $31.26 and its 200-day moving average is $29.62. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 54.48 and a beta of 1.38. News has a 52 week low of $23.99 and a 52 week high of $34.97.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a return on equity of 4.76% and a net margin of 3.49%.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research report on Friday, January 31st.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.