Wiley Increases Quarterly Dividend for 28th Consecutive Year

Rhea-AI Summary

John Wiley and Sons (NYSE: JW-A and JW-B) announced a quarterly cash dividend of $0.3450 per share, payable on July 21, 2021, to shareholders on record by July 6, 2021. This marks a 28th consecutive annual increase, raising the annual dividend to $1.38, up from $1.37 in Fiscal 2021. The company's Free Cash Flow grew by 48% to $257 million, distributing $77 million in dividends and $16 million for share buybacks. The Net Debt-to-EBITDA ratio stands at 1.7.

Positive

• Quarterly cash dividend raised to $0.3450 per share, signaling continued financial health.
• Free Cash Flow increased by 48% to $257 million, indicating strong cash generation.
• Shareholders received $77 million in dividends and $16 million in share repurchases.

Negative

• None.

John Wiley and Sons (NYSE: JW-A and JW-B), a global research and education company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3450 per share on its Class A and Class B Common Stock, payable on July 21, 2021 to shareholders of record on July 6, 2021. The quarterly dividend is equivalent to an annual dividend of $1.38 per share, an increase from $1.37 per share in Fiscal 2021. It was Wiley’s 28^th consecutive annual increase.

In Fiscal 2021, Wiley grew Free Cash Flow by 48% to $257 million, distributing $77 million for dividends and $16 million for share repurchases. The Company ended the year with a Net Debt-to-EBITDA ratio of 1.7.

To access Wiley’s Fourth Quarter and Fiscal Year 2021 results:

https://newsroom.wiley.com/press-releases/press-release-details/2021/Wiley-Reports-Fourth-Quarter-and-Fiscal-Year-2021-Results/default.aspx

To access Wiley’s Fourth Quarter and Fiscal 2021 presentation and webcast: https://investors.wiley.com/events-and-presentations/default.aspx

About Wiley

Wiley (NYSE: JW-A) is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today, our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve their goals in an ever-changing world. Visit us at Wiley.com, Like us on Facebook and Follow us on Twitter and LinkedIn

View source version on businesswire.com: https://www.businesswire.com/news/home/20210623005352/en/

FAQ

What is the latest dividend amount declared by John Wiley and Sons?

The latest dividend amount declared is $0.3450 per share.

When will the dividend be paid to shareholders of John Wiley and Sons?

The dividend will be paid on July 21, 2021.

What is the annual dividend for John Wiley and Sons for Fiscal 2021?

The annual dividend for Fiscal 2021 is $1.38 per share.

How much did John Wiley and Sons allocate for dividends and share repurchases in Fiscal 2021?

Wiley allocated $77 million for dividends and $16 million for share repurchases.

What is the Net Debt-to-EBITDA ratio for John Wiley and Sons?

The Net Debt-to-EBITDA ratio is 1.7.