John Wiley increases dividend for 27th consecutive year

John Wiley & Sons (JW) will raise its quarterly dividend by 0.7 percent to 34.25 cents per share in 2020. This follows a 3.0 percent dividend increase by the research and education company last year.

John Wiley has now raised its dividend for 27 consecutive years. The next dividend will be paid on July 22, 2020 to shareholders of record on July 7, 2020. A new annualized dividend rate of $1.37 per share yields 3.6% at a stock price of $37.64.

Last year John Wiley hiked its dividend by 3.0 percent with the last double digit increase dating back to 2014, when the dividend was raised by 16.0 percent. The company has a market cap of $2.1 billion and currently pays about $77 million in dividends to shareholders annually.

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John Wiley & Sons, Inc. is a research and learning company. The Research segment provides scientific, technical, medical, and scholarly journals, as well as related content and services, to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals. The Publishing segment provides scientific, professional, and education books and related content in print and digital formats, as well as test preparation services and course workflow tools, to libraries, corporations, students, professionals, and researchers. The Solutions segment provides online program management services for higher education institutions and learning, development, and assessment services for businesses and professionals.The company’s operations are primarily located in the United States, United Kingdom , Germany, Russia, Singapore, and France. John Wiley was founded in 1807 and incorporated in the state of New York on January 15, 1904. The company went public in 1962.

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