Fox Co. (NASDAQ:FOX) Announces $0.27 Quarterly Dividend

Fox Co. (NASDAQ:FOX) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.27 per share on Wednesday, March 26th. This represents a $1.08 annualized dividend and a dividend yield of 2.08%.

FOX has raised its dividend payment by an average of 4.1% annually over the last three years. FOX has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect FOX to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 14.3%.

FOX Trading Up 0.6 %

NASDAQ:FOX opened at $51.85 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $46.10 and a 200-day simple moving average of $41.13. FOX has a 12 month low of $25.82 and a 12 month high of $52.54. The company has a market capitalization of $23.68 billion, a P/E ratio of 12.68, a PEG ratio of 1.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, equities research analysts anticipate that FOX will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays upgraded FOX to a “hold” rating in a research report on Wednesday, October 9th.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.06% of the company’s stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.