Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
NEW YORK - The New York Times Company (NYSE:NYT) announced Friday that its Board of Directors has declared a regular quarterly dividend of $.18 per share on both its Class A and Class B common stock. The company has maintained dividend payments for 13 consecutive years, with a current annual dividend yield of 1.25%.
The dividend will be payable on October 23, 2025, to shareholders of record as of the close of business on October 8, 2025, according to a press release statement from the company. InvestingPro data shows the company has consistently raised its dividend for 6 consecutive years, demonstrating strong commitment to shareholder returns.
The New York Times Company describes itself as a source of independent journalism with more than 11 million subscribers across various print and digital products including news, cooking, games and sports. With a market capitalization of $9.47 billion and a perfect Piotroski Score of 9, the company demonstrates robust financial health, as confirmed by InvestingPro’s comprehensive analysis.
The company’s shares are traded on the New York Stock Exchange under the ticker symbol NYT and are currently trading near their 52-week high, reflecting strong market confidence in the company’s performance.
In other recent news, the New York Times Company reported strong second-quarter results, with an adjusted operating profit of $134 million, surpassing both JPMorgan and consensus estimates of $121 million. The company’s revenue for the quarter reached $686 million, exceeding Guggenheim’s estimate of $669 million. Following these results, JPMorgan raised its price target for the New York Times to $70, maintaining an Overweight rating, while Evercore ISI adjusted its target to $67, keeping an Outperform rating. Guggenheim also increased its price target to $56, up from $55, but maintained a Neutral rating on the stock.
Additionally, the New York Times experienced a 10% revenue growth, primarily driven by advertising strength, which beat Street expectations by 2.3%. The company’s adjusted operating profit grew by 28%, exceeding estimates by 6.9%. In another development, activist investor Fivespan Partners has taken a stake in the New York Times, advocating for the use of artificial intelligence to expand its subscription base. These developments reflect a period of significant activity for the New York Times, with multiple analyst firms adjusting their outlooks based on the company’s performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.