HOBOKEN, N.J.--(BUSINESS WIRE)--John Wiley and Sons (NYSE:JWA)(NYSE:JWB), a global research and education company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3425 per share on its Class A and Class B Common Stock, payable on July 22, 2020 to shareholders of record on July 7, 2020. The quarterly dividend is equivalent to an annual dividend of $1.37 per share, an increase from the $1.36 per share payout in fiscal year 2020.
In fiscal year 2020, Wiley generated $170 million in free cash flow, distributing $77 million for dividends and $47 million for share repurchases. The Company ended the year with a net debt-to-ebitda ratio of 1.6.
To access Wiley’s fourth quarter and fiscal year 2020 results, please see: https://newsroom.wiley.com/press-release/all-corporate-news/wiley-reports-fourth-quarter-and-fiscal-year-2020-results
Wiley drives the world forward with research and education. Through publishing, platforms and services, we help researchers, professionals, students, universities, and corporations to achieve their goals in an ever-changing world. And for more than 200 years, we have delivered consistent performance to all our stakeholders. The Company's website can be accessed at www.wiley.com.