News Corp (NWS) Declares $0.10 Semiannual Dividend

News Corp (NASDAQ:NWS) announced a semiannual dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Wednesday, March 14th will be paid a dividend of 0.10 per share on Wednesday, April 18th. This represents a dividend yield of 1.25%. The ex-dividend date is Tuesday, March 13th.

Shares of News (NASDAQ NWS) traded up $0.15 on Friday, hitting $16.00. 1,150,902 shares of the company were exchanged, compared to its average volume of 437,211. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56. News has a 12-month low of $12.50 and a 12-month high of $17.70. The stock has a market capitalization of $9,496.72, a price-to-earnings ratio of -14.16 and a beta of 1.90.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter. News had a negative net margin of 7.96% and a positive return on equity of 2.27%. The firm had revenue of $2.06 billion during the quarter.

A number of equities research analysts recently issued reports on NWS shares. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. BidaskClub raised shares of News from a “hold” rating to a “buy” rating in a report on Friday, December 22nd.

In related news, CFO Kevin Halpin sold 2,468 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $16.66, for a total value of $41,116.88. Following the completion of the sale, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $166,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 14,855 shares of company stock valued at $237,002 in the last three months. 39.40% of the stock is currently owned by insiders.

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News Company Profile

News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

Dividend History for News (NASDAQ:NWS)

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