Wiley Increases Quarterly Dividend for the 30th Consecutive Year

Rhea-AI Summary

Wiley announces quarterly cash dividend of $0.3500 per share, an increase from last year, and strategic actions to maximize shareholder value.

Positive

• Wiley declares quarterly cash dividend of $0.3500 per share, an increase from last year's $1.39 per share dividend.
• Wiley focuses on research, publishing, and digital knowledge solutions to become simpler, stronger, and more profitable.

Negative

• None.

Company recently announced portfolio actions to maximize shareholder value

HOBOKEN, N.J.--(BUSINESS WIRE)-- Wiley (NYSE: WLY and WLYB), a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6, 2023. The quarterly dividend is equivalent to an annual dividend of $1.40 per share, an increase from $1.39 per share in Fiscal 2023. It is Wiley’s 30^th consecutive annual increase.

Wiley recently announced strategic actions that will make the Company simpler, stronger, and more profitable by focusing on its long-standing position as a global leader in research, publishing and digital knowledge solutions.  Please see the Q4 2023 announcement, earnings presentation, and call transcript at https://investors.wiley.com/financials/quarterly-results/default.aspx.

About Wiley

Wiley is a knowledge company and a global leader in research, publishing, and knowledge solutions. Dedicated to the creation and application of knowledge, Wiley serves the world’s researchers, learners, innovators, and leaders, helping them achieve their goals and solve the world's most important challenges. For more than two centuries, Wiley has been delivering on its timeless mission to unlock human potential. Visit us at Wiley.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

CATEGORY: EARNINGS RELEASES

View source version on businesswire.com: https://www.businesswire.com/news/home/20230626867221/en/

Brian Campbell

201.748.6874

brian.campbell@wiley.com

Source: John Wiley and Sons

FAQ

What is the quarterly cash dividend declared by Wiley?

Wiley has declared a quarterly cash dividend of $0.3500 per share.

How does the new dividend compare to last year's dividend?

The new dividend of $0.3500 per share is an increase from last year's $1.39 per share dividend.

What strategic actions has Wiley announced?

Wiley has announced strategic actions to focus on research, publishing, and digital knowledge solutions in order to become simpler, stronger, and more profitable.