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Unleashing Growth Potential: New York Times Surpasses Expectations with Strong Performance and Increasing Profits

Author: Benzinga Insights | October 26, 2023 11:05am

Today, October 26, 2023, New York Times (NYSE:NYT) will distribute a dividend payout of $0.11 per share, highlighting an annualized dividend yield of 1.08%. Shareholders who owned the stock before the ex-dividend date on October 06, 2023 will be eligible for this payout.

New York Times Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
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
2021-01-05 4 $0.06 0.48% 2020-12-17 2021-01-06 2021-01-21

In terms of dividend yield, New York Times finds itself in the middle ground among its industry peers, while DallasNews (NASDAQ:DALN) takes the lead with the highest annualized dividend yield at 14.85%.

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

dividend chart graph

The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.20 to $0.36. This signifies the company's commitment to consistently increasing shareholder dividends.

YoY Earnings Growth For New York Times

earning chart graph

From 2019 to 2022, New York Times has demonstrated an upward trend in earnings, with earnings per share rising from $0.81 to $1.07. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

This article provides an in-depth analysis of New York Times's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.11 per share, resulting in an annualized dividend yield of 1.08%.

In terms of dividend yield, New York Times finds itself in the middle ground among its industry peers, while DallasNews takes the lead with the highest annualized dividend yield at 14.85%.

Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, New York Times appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.

Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.

[Monitor live stock price updates for New York Times on Benzinga.](https://www.benzinga.com/quote/New York Times (NYSE: NYT))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: DALN NYT

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