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Fox Corporation initiates dividend

Fox Corporation (FOXA) will start paying a semi-annual dividend of $0.23 per share in 2019. The first dividend declared is payable on June 3, 2019 with a record date for determining dividend entitlements of May 20, 2019.

An indicated annualized dividend rate of 46 cents per share yields 1.3% at a stock price of $35.89. Fox Corp went public earlier this year.

Fox Corporation produces and distributes compelling news, sports and entertainment content through its domestic brands including: FOX News, FOX Sports, the FOX Network, and the FOX Television Stations. The company went public in 2019 and initiated a semi-annual dividend shortly afterwards.