JOHN WILEY & SONS, INC. (NYSE:JW.A) Files An 8-K Other Events
Item 8.01: Other Events — Issuance of Press Release announcing
increase in Cash Dividend provided under Items 7.01 and 8.01 of
Form 8-K
cash dividend from $0.31 per share to $0.32 cents per share
payable on July 19, 2017 for shareholders of record of Class A
and Class B Common Stock as of July 5, 2017. A copy of the press
release is being furnished to the Securities and Exchange
Commission to Items 7.01 and 8.01 of Form 8-K and is attached
hereto as Exhibit 99.1. The information in this Form 8-K and in
Exhibit 99.1 attached hereto shall not be deemed filed for
purposes of Section 18 of the Securities Act of 1934, nor shall
it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by
specific reference.
|
Item 9.01: |
FINANCIAL STATEMENTS AND EXHIBITS
|
[
![""](/"wiley.jpg/")
|
Corporate Secretary: |
Investor Contact: |
|
Joanna Jia, Corporate Secretary |
Brian Campbell, Investor Relations |
|
201.748.6020 |
201.748.6874 |
Wiley Raises Quarterly Cash Dividend for 24th Consecutive Year
Dividend increased 3% to $1.28 Per Share Annualized; Sets Annual
Meeting Date
Hoboken, NJ, June 22, 2017 John Wiley and Sons, Inc. (NYSE: JWA
and JWB), a global research and learning company, today announced
that its Board of Directors has declared a quarterly cash
dividend of $0.32 per share on its Class A and Class B Common
Stock, payable on July 19, 2017 to shareholders of record on July
5, 2017. The $0.32 per share reflects an increase of 3% over the
previous quarterly payout of $0.31 per share, and marks the 24th
consecutive year that Wiley has raised its quarterly dividend.
Between June 2007 and June 2017, Wiley has raised its annualized
dividend from $0.44 per share to $1.28 per share.
In addition to the dividend increase, Wiley repurchased 953,188
shares in fiscal 2017 for approximately $50.3 million, an average
cost of $52.80 per share. As of April 30, 2017, the Company had
nearly 3.8 million shares remaining in the repurchase program
announced in June 2016.
The Wiley Board of Directors has set the date of the Annual
Meeting of Shareholders as Thursday, September 28, 2017. It will
be held at 8:00 am ET at the Company’s headquarters in Hoboken,
NJ and will also be available via webcast. The record date for
the Annual Meeting is set for August 4, 2017.
About Wiley
Wiley is a global research and learning company. Through the
Research segment, the Company provides scientific, technical,
medical, and scholarly journals, as well as related content and
services, for academic, corporate, and government libraries,
learned societies, and individual researchers and other
professionals. The Publishing segment provides scientific (STM),
professional development, and education books and related
content, as well as test preparation services and course workflow
tools, to libraries, corporations, students, professionals, and
researchers. In Solutions, Wiley provides online program
management services for higher education institutions, and
learning, development, and assessment services for businesses and
professionals.
About JOHN WILEY & SONS, INC. (NYSE:JW.A)
John Wiley & Sons, Inc. provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The Company operates through three segments: Research, Professional Development and Education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising. The Professional Development segment provides digital and print books, corporate learning solutions, employment talent solutions and training services, and test prep and certification. In the Education segment, the Company provides print and digital content, and education solutions, including online program management services for higher education institutions and course management tools for instructors and students. The Company is engaged in developing and cross-marketing products to its customer base of researchers, professionals, students and educators.
