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Wiley Increases Quarterly Dividend for the 31st Consecutive Year

By: via Business Wire

Company recently exceeded its Fiscal 2024 earnings guidance and sees strong core and GenAI momentum

Wiley (NYSE: WLY and WLYB), a global leader in research and learning, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3525 per share on its Class A and Class B Common Stock, payable on July 25, 2024, to shareholders of record on July 9, 2024. The quarterly dividend is equivalent to an annual dividend of $1.41 per share, an increase from $1.40 per share in Fiscal 2024. It is Wiley’s 31st consecutive annual increase.

Wiley recently reported results for its fourth quarter and fiscal year ended April 30, 2024. Highlights included:

  • Fiscal 2024 Adjusted EBITDA and Adjusted EPS guidance exceeded; Adjusted Revenue in higher end of range
  • GenAI content rights project completed in Q4 Fiscal 2024 with large tech company; another executed GenAI project with second large tech company to be realized in Fiscal 2025
  • Value Creation Plan advanced with 2 of 3 non-core divestitures closed and $90 million of $130 million run-rate savings actioned
  • Fiscal 2025 growth outlook driven by Research and Learning momentum and accelerated cost savings

Please see the Q4 2024 earnings release, earnings presentation, and earnings call transcript at https://investors.wiley.com/financials/quarterly-results/default.aspx.

About Wiley

Wiley is one of the world’s largest publishers and a trusted leader in research and learning. Our industry-leading content, services, platforms, and knowledge networks are tailored to meet the evolving needs of our customers and partners, including researchers, students, instructors, professionals, institutions, and corporations. We enable knowledge-seekers to transform today’s biggest obstacles into tomorrow’s brightest opportunities. For more than two centuries, Wiley has been delivering on its timeless mission to unlock human potential. Visit us at Wiley.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

CATEGORY: EARNINGS RELEASES

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