News Corp (NASDAQ:NWS) declared a semiannual dividend on Friday, February 9th, Wall Street Journal reports. Shareholders of record on Wednesday, March 14th will be given a dividend of 0.10 per share on Wednesday, April 18th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 13th.
News (NASDAQ:NWS) opened at $16.45 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.56 and a debt-to-equity ratio of 0.02. News has a 12-month low of $12.50 and a 12-month high of $17.70. The company has a market cap of $9,671.51, a PE ratio of 33.88 and a beta of 1.90.
In other News news, CFO Kevin Halpin sold 2,468 shares of News stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $16.66, for a total transaction of $41,116.88. Following the completion of the sale, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $166,600. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.40% of the stock is owned by company insiders.
A number of research analysts have recently issued reports on the stock. TheStreet downgraded shares of News from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. BidaskClub cut shares of News from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th.
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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.
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