John Wiley & Sons (NYSE:WLYB) Shares Gap Down – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) gapped down prior to trading on Friday . The stock had previously closed at $45.05, but opened at $44.00. John Wiley & Sons shares last traded at $43.83, with a volume of 200 shares changing hands.

John Wiley & Sons Stock Performance

The stock’s 50-day moving average price is $41.74 and its 200 day moving average price is $45.88. The firm has a market cap of $2.39 billion, a P/E ratio of -48.69 and a beta of 0.65. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.3525 per share. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, December 26th. John Wiley & Sons’s payout ratio is currently 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.