John Wiley & Sons (NYSE:WLY) is featured on the Best Dividend Stocks for a Dividend Champions List.
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Established over 200 years ago, John Wiley & Sons (NYSE:WLY) remains a prominent entity in the publishing landscape, with a strong emphasis on education and scholarly works. The company has progressively transitioned towards digital content, providing resources such as online courses, study materials, and exam preparation tools. Notably, it is also the proprietor of the widely recognized ‘For Dummies’ series.
Currently, around 48% of John Wiley & Sons (NYSE:WLY)’s income is generated from recurring revenue, which often grabs the attention of investors. This consistent revenue stream highlights the company’s efforts in digital subscriptions and global partnerships. Key components of its growth strategy include maintaining high recurring revenue, bolstering collaborations with professional associations reliant on Wiley for publishing academic journals, expanding internationally, and leveraging the rapid advancements in open-access and AI-centered publishing.
In addition, John Wiley & Sons (NYSE:WLY) has a commendable history of dividend payments. On September 25, it revealed a quarterly dividend of $0.355 per share, maintaining the previous amount. The company has increased its dividend for 32 consecutive years, with a yield of 3.54% as of October 2.
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Disclosure: None.
