The New York Times Company Announces Quarterly Dividend of $0.04 (NYT)
The New York Times Company (NYSE:NYT) announced a quarterly dividend on Thursday, February 20th, AmericanBankingNews.com reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.04 per share on Thursday, April 24th. This represents a $0.16 annualized dividend and a dividend yield of 1.09%.
NYT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of The New York Times Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 12th. They now have a $16.00 price target on the stock. Analysts at TheStreet upgraded shares of The New York Times Company from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $12.00.
Shares of The New York Times Company (NYSE:NYT) traded up 0.82% on Thursday, hitting $14.74. The stock had a trading volume of 907,784 shares. The New York Times Company has a 1-year low of $8.71 and a 1-year high of $16.14. The stock’s 50-day moving average is $14.76 and its 200-day moving average is $13.31. The company has a market cap of $2.207 billion and a P/E ratio of 35.66.
The New York Times Company (NYSE:NYT) last announced its earnings results on Thursday, February 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.10. The company had revenue of $443.90 million for the quarter, compared to the consensus estimate of $440.96 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Analysts expect that The New York Times Company will post $0.41 EPS for the current fiscal year.
The New York Times Company is a global, multimedia news and information company that includes newspapers, digital businesses, investments in paper mills and other investments.
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