John Wiley & Sons (NYSE:WLYB) Shares Gap Up – Here’s Why

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) gapped up prior to trading on Tuesday . The stock had previously closed at $41.80, but opened at $42.75. John Wiley & Sons shares last traded at $43.30, with a volume of 722 shares traded.

John Wiley & Sons Price Performance

The stock has a market cap of $2.32 billion, a P/E ratio of -47.25 and a beta of 0.68. The business has a 50 day simple moving average of $42.35 and a 200-day simple moving average of $45.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

John Wiley & Sons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.3525 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.28%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 190.54%.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.