Fox Corporation (FOXA) to Distribute Dividend of $0.29 on September 23rd

Fox Corporation (NASDAQ:FOXA) declared a dividend on Thursday, August 6th. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.29 per share on Wednesday, September 23rd. This represents a yield of 94.0%. The ex-dividend date of this dividend is Wednesday, September 2nd.

FOX has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. FOX has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Analysts expect FOX to earn $5.79 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 9.7%.

FOX Stock Up 3.6%

FOXA stock opened at $64.03 on Friday. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.54. The company has a 50-day moving average of $57.49 and a two-hundred day moving average of $60.70. FOX has a 52-week low of $48.34 and a 52-week high of $76.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.65.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%.The firm’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. As a group, equities research analysts anticipate that FOX will post 5.75 EPS for the current year.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.