MarketWise, Inc. (NASDAQ:MKTW) to Issue Dividend of $0.03

MarketWise, Inc. (NASDAQ:MKTW) declared a dividend on Wednesday, January 15th,investing.com reports. Stockholders of record on Wednesday, January 29th will be given a dividend of 0.03 per share by the newsletter publisher on Wednesday, February 26th. This represents a dividend yield of 17.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

MarketWise has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings.

MarketWise Trading Down 3.0 %

Shares of MarketWise stock opened at $0.62 on Monday. The business’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.70. MarketWise has a 12 month low of $0.46 and a 12 month high of $2.71. The firm has a market capitalization of $201.50 million, a P/E ratio of 5.18 and a beta of 0.38.

MarketWise (NASDAQ:MKTW) last released its earnings results on Thursday, November 7th. The newsletter publisher reported $0.04 EPS for the quarter. The company had revenue of $97.19 million for the quarter. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Company Profile

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.