HOBOKEN, N.J.--(BUSINESS WIRE)--John Wiley and Sons (NYSE: JW-A and JW-B), a global research and education company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3450 per share on its Class A and Class B Common Stock, payable on July 21, 2021 to shareholders of record on July 6, 2021. The quarterly dividend is equivalent to an annual dividend of $1.38 per share, an increase from $1.37 per share in Fiscal 2021. It was Wiley’s 28th consecutive annual increase.
In Fiscal 2021, Wiley grew Free Cash Flow by 48% to $257 million, distributing $77 million for dividends and $16 million for share repurchases. The Company ended the year with a Net Debt-to-EBITDA ratio of 1.7.
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To access Wiley’s Fourth Quarter and Fiscal 2021 presentation and webcast: https://investors.wiley.com/events-and-presentations/default.aspx
Wiley (NYSE: JW-A) is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today, our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve their goals in an ever-changing world. Visit us at Wiley.com, Like us on Facebook and Follow us on Twitter and LinkedIn