Fox Co. (NASDAQ:FOX) Plans Quarterly Dividend of $0.27

Fox Co. (NASDAQ:FOX) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 0.27 per share on Wednesday, March 26th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%.

FOX has increased its dividend by an average of 4.1% per year over the last three years. FOX has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect FOX to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 14.3%.

FOX Stock Performance

FOX stock opened at $51.85 on Wednesday. FOX has a fifty-two week low of $25.82 and a fifty-two week high of $52.54. The stock has a market cap of $23.68 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.76 and a beta of 0.82. The stock’s 50 day simple moving average is $46.10 and its two-hundred day simple moving average is $41.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, analysts expect that FOX will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FOX. Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.