Today, January 18, 2024, marks an important moment for investors of New York Times NYT. The company will distribute a dividend payout of $0.11 per share, demonstrating an annualized dividend yield of 0.93%. Remember, only shareholders prior to the ex-dividend date on January 02, 2024 are eligible for this payout.
New York Times Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-02 | 4 | $0.11 | 0.93% | 2023-12-14 | 2024-01-03 | 2024-01-18 |
| 2023-10-06 | 4 | $0.11 | 1.08% | 2023-09-28 | 2023-10-10 | 2023-10-26 |
| 2023-07-10 | 4 | $0.11 | 1.11% | 2023-06-29 | 2023-07-11 | 2023-07-27 |
| 2023-04-04 | 4 | $0.11 | 1.2% | 2023-02-08 | 2023-04-05 | 2023-04-20 |
| 2023-01-03 | 4 | $0.09 | 1.04% | 2022-12-15 | 2023-01-04 | 2023-01-19 |
| 2022-10-06 | 4 | $0.09 | 1.26% | 2022-09-30 | 2022-10-10 | 2022-10-21 |
| 2022-07-08 | 4 | $0.09 | 1.26% | 2022-06-29 | 2022-07-11 | 2022-07-21 |
| 2022-04-05 | 4 | $0.09 | 0.87% | 2022-02-02 | 2022-04-06 | 2022-04-21 |
| 2022-01-04 | 4 | $0.07 | 0.62% | 2021-12-16 | 2022-01-05 | 2022-01-20 |
| 2021-10-07 | 4 | $0.07 | 0.56% | 2021-09-30 | 2021-10-11 | 2021-10-22 |
| 2021-07-09 | 4 | $0.07 | 0.64% | 2021-06-30 | 2021-07-12 | 2021-07-22 |
| 2021-04-06 | 4 | $0.07 | 0.55% | 2021-02-04 | 2021-04-07 | 2021-04-22 |
New York Times's dividend yield falls in the middle range when compared to its industry peers, with DallasNews DALN having the highest annualized dividend yield at 15.09%.
Analyzing New York Times Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.24 to $0.44, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For New York Times
From 2020 to 2023, New York Times experienced a growth in earnings per share, with an increase from $1.00 to $1.53. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of New York Times and its significance for shareholders. The company has decided to distribute a dividend of $0.11 per share today, which equates to an annualized dividend yield of 0.93%.
New York Times's dividend yield falls in the middle range when compared to its industry peers, with DallasNews having the highest annualized dividend yield at 15.09%.
With an increase in dividend per share and earnings per share from 2020 to 2023, New York Times demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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