Hoboken-based John Wiley & Sons, a global provider of knowledge-enabled solutions, announced Friday that its board of directors has declared a 16 percent increase in its quarterly dividend.
The dividend of 29 cents per share on its Class A and Class B stock will be payable July 16 to shareholders of record as of July 1.
The dividend is a 16 percent increase compared with the previous dividend of 25 cents per share. This increase marks the 21st consecutive year that Wiley has raised its dividend.
In addition, Wiley repurchased 1.25 million shares for $63.4 million. As of the end of April, the company had approximately 3.3 million shares remaining in its repurchase program.
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