MarketWise, Inc. (MKTW) to Issue Dividend of $0.03 on February 26th

MarketWise, Inc. (NASDAQ:MKTW) announced a dividend on Wednesday, January 15th,investing.com reports. Investors of record on Wednesday, January 29th will be paid a dividend of 0.03 per share by the newsletter publisher on Wednesday, February 26th. This represents a dividend yield of 17.91%. The ex-dividend date is Wednesday, January 29th.

MarketWise has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings.

MarketWise Stock Down 3.0 %

Shares of NASDAQ MKTW opened at $0.62 on Monday. The firm has a market cap of $201.50 million, a PE ratio of 5.18 and a beta of 0.38. The company’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.70. MarketWise has a 12-month low of $0.46 and a 12-month high of $2.71.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, November 7th. The newsletter publisher reported $0.04 earnings per share for the quarter. The firm had revenue of $97.19 million for the quarter. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Company Profile

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.