MarketWise, Inc. (NASDAQ:MKTW) Declares Quarterly Dividend of $0.45

by · The Markets Daily

MarketWise, Inc. (NASDAQ:MKTW – Get Free Report) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.45 per share by the newsletter publisher on Friday, December 18th. This represents a $1.80 annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, November 13th. This is a 125.0% increase from MarketWise’s previous quarterly dividend of $0.20.

MarketWise has a dividend payout ratio of 80.0% indicating that 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 $3.03 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 33.0%.

MarketWise Trading Up 0.6%

Shares of MKTW opened at $19.70 on Wednesday. MarketWise has a 52-week low of $13.49 and a 52-week high of $22.83. The business’s fifty day moving average is $18.73 and its 200-day moving average is $17.57.

MarketWise (NASDAQ:MKTW – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The newsletter publisher reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.89). The company had revenue of $75.81 million during the quarter, compared to analyst estimates of $78.37 million. Research analysts forecast that MarketWise will post 0.67 earnings per share for the current year.

About MarketWise

(Get Free Report)

MarketWise, Inc is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing.

The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.

MarketWise distributes its products primarily through digital channels, including websites, email, online publications and subscription platforms, serving customers in the United States and other international markets.

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