John Wiley & Sons hikes dividend for 23rd consecutive year

John Wiley & Sons (JW/A) will raise its quarterly dividend by 3.3%.

The quarterly dividend will be increased to 31 cents per share, marking 23 consecutive years of higher dividend payments by the global provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice, and education.

The $0.31 per share reflects an increase of 3.3% over the previous quarterly payout of $0.30 per share, and marks the 23rd consecutive year that Wiley has raised its quarterly dividend. Between 2006 and 2016, Wiley raised its annualized dividend from $0.40 per share to $1.24 per share.

John Wiley & Sons currently has an estimated dividend yield of 2.4%.

Source: John Wiley & Sons

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