Virtusa and Wiley Sign Multi-Year Partnership Agreement
Virtusa Corporation and Wiley announced a multi-year managed services partnership under which Virtusa will provide infrastructure and application services and support Wiley's strategic technology initiatives. The partnership represents an important first step in accelerating Wiley's technology transformation to better serve customers and to drive innovation, productivity gains and cost efficiencies. As a result, Wiley will free up capital for high-return investments and enable its technology teams to concentrate on developing next-generation customer platforms and AI-powered solutions that create competitive advantage in its markets. As part of this collaboration, Virtusa has assumed ownership of Wiley's Sri Lanka technology operation. With over three decades of innovation and delivery experience in Sri Lanka, Virtusa has an established presence and expertise that will provide continuity to Wiley's technology operations as the company optimizes its technology foundation and positions itself to respond more rapidly to evolving customer needs.
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- Quarterly Dividend Announcement: John Wiley & Sons has declared a quarterly dividend of $0.355 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
- Dividend Yield: The forward yield of 3.71% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest towards its stock.
- Dividend Payment Timeline: The dividend is payable on April 23, with a record date of April 7 and an ex-dividend date also set for April 7, ensuring shareholders receive timely returns.
- AI Revenue Target: John Wiley & Sons aims to achieve $45 million to $50 million in AI revenue for fiscal 2026, highlighting the company's strategic expansion in the education and research sectors to enhance margins and global market presence.
- Worthington Steel Dividend: Worthington Steel's board has declared a quarterly dividend of $0.16 per common share, payable on June 26, 2026, to shareholders of record as of June 12, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Glacier Bancorp Dividend History: Glacier Bancorp's board declared a quarterly dividend of $0.33 per share on March 25, 2026, marking its 164th consecutive dividend and 49th increase, demonstrating strong profitability and shareholder focus, with payment scheduled for April 16, 2026.
- Omega Flex Quarterly Dividend: Omega Flex announced a quarterly dividend of $0.34 per share, payable on April 21, 2026, to shareholders of record on April 9, 2026, indicating the company's commitment to returning value to shareholders amid stable earnings.
- Wiley Dividend Growth: Wiley declared a quarterly cash dividend of $0.355 per share, an increase from $1.41 in Fiscal 2025, reflecting its 32nd consecutive year of dividend increases, showcasing the company's dedication to enhancing shareholder returns.
- Quarterly Dividend Announcement: John Wiley & Sons declares a quarterly dividend of $0.355 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Dividend Yield: The forward yield stands at 3.8%, providing investors with a relatively attractive return, reflecting the company's robust performance in the current market environment.
- Payment Schedule: The dividend is payable on April 23, with a record date of April 7 and an ex-dividend date also on April 7, ensuring shareholders receive their earnings promptly, which boosts shareholder satisfaction.
- Dividend Growth Potential: The ongoing dividend policy, as indicated by WLY's Dividend Scorecard and Yield Chart, suggests potential for future dividend growth, attracting long-term investors seeking stable income.
- Quarterly Cash Dividend: Wiley's Board of Directors has declared a cash dividend of $0.355 per share, payable on April 23, 2026, demonstrating the company's ongoing profitability and commitment to shareholder returns.
- Annual Dividend Increase: The quarterly dividend translates to an annual payout of $1.42 per share, up from $1.41 in Fiscal 2025, highlighting the company's consistent efforts in maintaining cash flow and enhancing shareholder value.
- Increased Share Repurchase: Wiley has raised its Fiscal 2026 share repurchase allocation to $100 million, significantly higher than $60 million in Fiscal 2025 and $45 million in Fiscal 2024, indicating strong confidence in its value and commitment to shareholders.
- Financial Performance Highlights: In the third quarter of Fiscal 2026, Wiley reported strong growth in research and AI, along with material margin expansion and cash flow growth, reflecting the company's competitive position and potential for future growth.
- Revenue Growth: John Wiley & Sons reported a 1% year-over-year revenue increase in Q3, with Research Publishing driving a 4% revenue rise due to an 11% global output increase, despite soft market conditions in Learning, indicating strong performance in the research sector.
- Increased Shareholder Returns: The company doubled its share repurchase to $70 million in Q3, bringing the year-to-date total to $126 million, a 37% increase over the previous year, demonstrating a commitment to enhancing shareholder value supported by robust cash flow.
- AI Revenue Growth: Management anticipates AI revenue to reach $45 million to $50 million for fiscal 2026, up from $40 million in fiscal 2025, reflecting ongoing investments and strong market demand in the AI sector.
- Optimistic Future Outlook: The company raised its guidance for adjusted EBITDA margin and adjusted EPS for fiscal 2026, expecting EBITDA margins to finish at the high end of 25.5% to 26.5%, showcasing management's confidence in future growth and market opportunities.







