MarketWise, Inc. (MKTW) To Go Ex-Dividend on May 15th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.25 per share by the newsletter publisher on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, May 15th. This is a 25.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect MarketWise to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.7%.

MarketWise Stock Performance

NASDAQ MKTW opened at $16.76 on Thursday. The firm has a 50-day simple moving average of $16.35 and a 200 day simple moving average of $15.90. MarketWise has a twelve month low of $13.36 and a twelve month high of $21.74. The stock has a market cap of $269.17 million, a PE ratio of 7.32 and a beta of 0.25.

MarketWise (NASDAQ:MKTW) last released its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.99. The business had revenue of $83.39 million during the quarter, compared to analysts’ expectations of $70.60 million. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. Research analysts forecast that MarketWise will post 2.92 earnings per share for the current fiscal year.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.