MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, November 25th will be paid a dividend of 0.01 per share by the newsletter publisher on Thursday, December 26th. This represents a $0.04 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Monday, November 25th.
MarketWise has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.
MarketWise Price Performance
Shares of MKTW traded down $0.03 during mid-day trading on Friday, reaching $0.59. 525,126 shares of the company's stock were exchanged, compared to its average volume of 1,029,876. The business's fifty day simple moving average is $0.65 and its 200-day simple moving average is $1.03. The stock has a market capitalization of $187.96 million, a PE ratio of 7.44 and a beta of 0.46. MarketWise has a 52-week low of $0.53 and a 52-week high of $3.62.
MarketWise (NASDAQ:MKTW - Get Free Report) last announced its earnings results on Thursday, August 15th. The newsletter publisher reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). MarketWise had a net margin of 0.80% and a negative return on equity of 1.30%. The business had revenue of $105.05 million during the quarter.
About MarketWise
(
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MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.
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