The New York Times Company (NYT) Announces Quarterly Dividend of $0.04
The New York Times Company (NYSE:NYT) declared a quarterly dividend on Thursday, June 19th, AnalystRatingsNetwork reports. Investors of record on Thursday, July 17th will be given a dividend of 0.04 per share on Thursday, July 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.03%.
A number of analysts have recently weighed in on NYT shares. Analysts at Zacks reiterated a “neutral” rating on shares of The New York Times Company in a research note on Tuesday, May 6th. They now have a $17.00 price target on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of The New York Times Company from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.08.
Shares of The New York Times Company (NYSE:NYT) traded up 0.72% on Thursday, hitting $15.47. 535,010 shares of the company’s stock traded hands. The New York Times Company has a 52 week low of $10.17 and a 52 week high of $17.37. The stock has a 50-day moving average of $15.29 and a 200-day moving average of $15.36. The company has a market cap of $2.325 billion and a P/E ratio of 38.50.
The New York Times Company (NYSE:NYT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $384.73 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that The New York Times Company will post $0.43 EPS for the current fiscal year.
The New York Times Company is a global media organization engaged in creating, collecting and distributing news and information.
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