Wiley announces modest dividend increase for 2024

HOBOKEN, N.J. - John Wiley & Sons, Inc. (NYSE: WLY and WLYB), known for its publishing and research services, has declared a quarterly cash dividend of $0.3525 per share on both its Class A and Class B Common Stock. This announcement, made today, marks a slight increase from the previous annual dividend rate of $1.40 to $1.41 per share. The dividend is payable on October 24, 2024, to shareholders of record as of October 8, 2024.

The increase represents a continuation of the company's long-standing practice of raising dividends, with this being the 31st consecutive year of dividend growth. Such consistent increases signal Wiley's commitment to providing shareholder value while also reflecting its stable financial performance.

Wiley's recent financial disclosures, including the earnings release, presentation, call transcript, and quarterly filing, are available on the company's investor relations website. These documents offer a detailed view of the company's financial health and strategic direction, which may be of interest to current and potential investors.

As a global publisher and a trusted leader in research and learning, Wiley has been serving the educational and professional communities for over two centuries. The company prides itself on its ability to adapt to the changing needs of its customers, which include researchers, students, instructors, professionals, and institutions.

The information regarding the dividend declaration is based on a press release from Wiley. The modest increase in the dividend payout is part of the company's ongoing strategy to maintain a reliable and steady return for its investors. Wiley's consistent dividend track record may be seen as a reflection of its operational stability and enduring commitment to its shareholders.

InvestingPro Insights

John Wiley & Sons, Inc. (WLYB) has recently announced a dividend increase, continuing its remarkable streak of raising dividends, now marking 31 years of consecutive growth. This achievement is underscored by an InvestingPro Tip that highlights the company's commitment to shareholder returns, having maintained dividend payments for an impressive 30 consecutive years. The significance of this milestone is further enhanced by the expectation of net income growth this year, indicating a positive outlook for the company's financial performance.

InvestingPro Data reveals a market capitalization of $2.56 billion, reflecting the company's substantial presence in the publishing and research services industry. While the company's P/E Ratio stands at -23.08, indicating challenges in profitability over the last twelve months, analysts predict a return to profitability this year. This forecast aligns with the company's strong price performance, as evidenced by a 26.13% price uptick over the last six months and a year-to-date price total return of 47.9%, which suggests investor confidence in Wiley's market position and future prospects.

Moreover, the company's dividend yield as of the previous year was 3.02%, providing an attractive income stream for investors. This yield, coupled with the InvestingPro Tip that Wiley has raised its dividend for 25 consecutive years, reinforces the company's reputation for delivering consistent shareholder value.

For those interested in a more in-depth analysis, the InvestingPro platform offers additional tips and metrics for WLYB, providing valuable insights that can help investors make informed decisions. Visit InvestingPro for a comprehensive list of tips and to assess the fair value of Wiley's stock.

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