Wiley Raises Quarterly Cash Dividend for 23rd Consecutive Year

Dividend increased 3.3% to $1.24 Per Share Annualized; Company Announces New Share Repurchase Program of 4 Million Shares; Sets Annual Meeting Date

HOBOKEN, N.J.--(BUSINESS WIRE)-- John Wiley and Sons (NYSE: JWa and JWb), a global provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice, and education, today announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per share on its Class A and Class B Common Stock, payable on July 20, 2016 to shareholders of record on July 6, 2016. The $0.31 per share reflects an increase of 3.3% over the previous quarterly payout of $0.30 per share, and marks the 23rd consecutive year that Wiley has raised its quarterly dividend. Between 2006 and 2016, Wiley raised its annualized dividend from $0.40 per share to $1.24 per share.

In addition to the dividend increase, the Board of Directors has approved a 4 million share repurchase program. Under the program, Wiley may purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated transactions. In fiscal year 2016 ending April 30, Wiley repurchased 1.4 million shares for $70 million, an average cost of $48.86. When combined with remaining shares in the previous program, the Company will now have a total repurchase authorization of 4,747,000 shares.

“We take great pride in our strong long term cash flow performance and return of cash to shareholders,” said Mark Allin, Wiley’s President and CEO. “Going forward, we will look to make strategic acquisitions in the growth areas of knowledge and learning while continuing to reward our long term shareholders.”

Finally, the Wiley Board of Directors has set the date of the Annual Meeting of Shareholders as Thursday, September 22, 2016. It will be held at 8:00 am EST at the Company's headquarters in Hoboken, NJ. The Board of Directors set the record date for the Annual Meeting as July 29, 2016.

About Wiley

Wiley is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice, 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, online assessment and corporate learning services, and test prep and certification. In Education, Wiley provides education solutions including online program management services for higher education institutions and course management tools for instructors and students, as well as print and digital content.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160623005565/en/

John Wiley and Sons
Ed May, 201-748-5704
Corporate Secretary
[email protected]
or
Brian Campbell, 201-748-6874
Investor Relations
[email protected]

Source: John Wiley and Sons

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