Wiley Increases Quarterly Dividend for the 29th Consecutive Year

Rhea-AI Summary

Wiley (NYSE: WLY, WLYB) declared a quarterly cash dividend of $0.3475 per share, payable on July 20, 2022, to shareholders of record on July 6, 2022. This marks an annual dividend increase to $1.39 per share, the 29th consecutive annual increase. In Fiscal 2022, Wiley achieved over $2 billion in revenue and delivered $223 million in free cash flow, distributing approximately $77 million for dividends and $30 million for share repurchases.

Positive

• Declared quarterly cash dividend of $0.3475 per share, a 0.72% increase from previous year.
• Achieved over $2 billion in revenue for the first time.
• Generated $223 million in free cash flow.
• Distributed $77 million in dividends and $30 million in share repurchases.

Negative

• None.

HOBOKEN, N.J.--(BUSINESS WIRE)-- Wiley (NYSE: WLY and WLYB), a leader in scientific research and career-connected education, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3475 per share on its Class A and Class B Common Stock, payable on July 20, 2022 to shareholders of record on July 6, 2022. The quarterly dividend is equivalent to an annual dividend of $1.39 per share, an increase from $1.38 per share in Fiscal 2022. It is Wiley’s 29^th consecutive annual increase.

In Fiscal 2022, Wiley surpassed $2 billion in revenue for the first time and delivered Free Cash Flow of $223 million. The Company distributed approximately $77 million for dividends and $30 million for share repurchases while ending the year with a Net Debt-to-EBITDA ratio of 1.6.

To access Wiley’s Fourth Quarter and Fiscal Year 2022 results:
https://newsroom.wiley.com/press-releases/press-release-details/2022/Wiley-Reports-Fourth-Quarter-and-Fiscal-Year-2022-Results/default.aspx

To access Wiley’s Fourth Quarter and Fiscal Year 2022 presentation and webcast:
https://events.q4inc.com/attendee/828353638

About Wiley

Wiley (NYSE: WLY and WLYB) 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 investors.wiley.com. Like us on Facebook and Follow us on Twitter and LinkedIn.

CATEGORY: EARNINGS RELEASES

View source version on businesswire.com: https://www.businesswire.com/news/home/20220623005387/en/

Brian Campbell

201.748.6874

brian.campbell@wiley.com

Source: Wiley

FAQ

What is the dividend amount declared by Wiley for July 2022?

Wiley declared a quarterly dividend of $0.3475 per share.

When is the dividend payment date for Wiley's July 2022 dividend?

The dividend payment date is July 20, 2022.

What was Wiley's annual dividend for Fiscal 2022?

Wiley's annual dividend for Fiscal 2022 is $1.39 per share.

How much revenue did Wiley achieve in Fiscal 2022?

Wiley achieved over $2 billion in revenue in Fiscal 2022.

What was Wiley's free cash flow in Fiscal 2022?

Wiley generated $223 million in free cash flow in Fiscal 2022.