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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.
John Wiley & Sons (NYSE:JWA, JWB) reported solid financial results for Q4 and fiscal year 2021. Q4 revenue reached $536 million, up 13% year-over-year, with operating income of $51 million and EPS of $0.73. For the fiscal year, revenue totaled $1,941 million, an increase of 6%, with operating income of $186 million and EPS of $2.63. Adjusted EBITDA showed a strong growth of 16% year-over-year. The company also reported a free cash flow of $257 million, up 48% from the previous year, and anticipates revenue exceeding $2 billion in fiscal 2022.
John Wiley & Sons, Inc. (NYSE:JWA, JWB) will release its fourth quarter and full year 2021 financial results on June 10, 2021, prior to market opening. A conference call to discuss these results is scheduled for 10 a.m. ET the same day. The live audio webcast and presentation slides will be accessible on Wiley’s Investor Relations website, along with an archived version available for one year.
John Wiley and Sons (NYSE: JWA, JWB) announced a quarterly cash dividend of $0.3425 per share on its Class A and Class B Common Stock. This dividend is payable on April 21, 2021 to shareholders of record on April 6, 2021, equating to an annual dividend of $1.37 per share. The announcement underscores Wiley's commitment to delivering consistent returns to shareholders while maintaining strong performance in the research and education sector.
John Wiley & Sons reported a 3% increase in revenue to $483 million for Q3 2021, yet its EPS declined by 38% to $0.39 due to $0.28 in restructuring charges. At constant currency, adjusted metrics showed revenue growth of 2%, 7% increase in EBITDA, and 6% rise in EPS. The company raised its full-year outlook for revenue, adjusted EBITDA, adjusted EPS, and free cash flow. The successful acquisition of Hindawi boosts their research strategy.
John Wiley & Sons, Inc. (NYSE:JWA, JWB) will announce its third-quarter 2021 results on March 4, 2021, prior to market opening. The company has planned a conference call at 10 a.m. ET to discuss these results. Investors can access the live audio webcast and presentation slides through Wiley's investor relations website. The company emphasizes its long-standing commitment to research and education, which it has upheld for over 200 years, providing consistent performance to its stakeholders.
Wiley Education Services has announced five new university partnerships, significantly broadening its online program offerings. Collaborating with the University of Montana, New Mexico Highlands University, New York University, Spring Hill College, and Lebanese American University, Wiley will support 27 new online programs in areas such as healthcare and business. This expansion aims to address the urgent demand for skilled professionals in high-need sectors, particularly highlighted by the ongoing pandemic. The partnerships leverage Wiley's comprehensive services, including enrollment support and course development.
John Wiley & Sons (NYSE:JWA, JWB) has acquired Hindawi Limited for $298 million, enhancing its position as a leader in open access publishing. Hindawi, known for its peer-reviewed journals, is projected to generate approximately $40 million in revenue for the fiscal year ending December 31, 2020, with a growth rate of 50%. This acquisition doubles Wiley's gold open access journal portfolio, aiding in author retention and fostering innovation in publishing services globally. The move aligns with Wiley's strategy to expand in the fast-growing research market, especially in China.
John Wiley and Sons (NYSE:JWA) (NYSE:JWB) has declared a quarterly cash dividend of $0.3425 per share on its Class A and Class B Common Stock, set to be paid on January 13, 2021. Shareholders of record by December 30, 2020 will receive this payment. This dividend represents an annualized amount of $1.37 per share. This announcement marks the company’s 27th consecutive annual dividend increase, showcasing its commitment to returning value to shareholders.
