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

MarketWise, Inc. (NASDAQ:MKTW) declared a dividend on Thursday, January 16th,investing.com reports. Investors of record on Thursday, January 30th will be given a dividend of 0.03 per share by the newsletter publisher on Wednesday, February 26th. This represents a yield of 17.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

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

MarketWise Stock Performance

Shares of NASDAQ MKTW opened at $0.67 on Friday. The company has a 50 day simple moving average of $0.53 and a two-hundred day simple moving average of $0.72. MarketWise has a fifty-two week low of $0.46 and a fifty-two week high of $2.71. The company has a market capitalization of $217.29 million, a price-to-earnings ratio of 5.58 and a beta of 0.38.

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.