New York Times Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
New York Times (NYSE:NYT) will distribute a dividend payout of $0.11 per share on July 27, 2023, equating to an annualized dividend yield of 1.11%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.20 to $0.36. Earnings per share also increased from $0.81 to $1.07 during the same period. The company's dividend yield is mid-range compared to its industry peers, with DallasNews (NASDAQ:DALN) having the highest annualized dividend yield at 14.75%.
July 27, 2023 | 3:06 pm
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POSITIVE IMPACT
DallasNews has the highest annualized dividend yield at 14.75% among its industry peers.
DallasNews's high annualized dividend yield compared to its industry peers makes it attractive to income-seeking investors, which could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
New York Times's dividend and earnings per share have shown a positive trend from 2019 to 2022, indicating a positive financial trend and potential for future cash dividend payout increases.
The increase in both dividend per share and earnings per share from 2019 to 2022 for New York Times indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100