New York Times Company Announces Quarterly Dividend

News Summary

The New York Times Company has declared a quarterly dividend of $0.18 per share, applicable to both Class A and Class B common stock, to be paid on July 24. Shareholders must be on record by July 9 to qualify. The company reported significant growth in digital subscribers, achieving a total of 10.84 million, with a robust increase in subscription revenue. This reflects the company’s successful adaptation to digital consumption habits and commitment to returning value to shareholders.

New York – The New York Times Company has announced a quarterly dividend of $0.18 per share, as declared by its Board of Directors. This dividend is applicable to both Class A and Class B common stock, and it will be disbursed on July 24, 2025. Shareholders who wish to receive this dividend must be on record as of July 9, 2025, marking the cut-off date for eligibility.

The New York Times Company, traded under the ticker NYT on the New York Stock Exchange, is noted for its dedication to quality journalism and its mission to facilitate understanding of the world through truthful reporting. Currently, the company boasts over 11 million global subscribers across an array of print and digital products, which include news coverage, cooking, games, and sports.

In terms of financial performance, the company reported a substantial net gain of 300,000 digital-only subscribers in the second quarter of 2025. As a result, the total number of digital subscribers has reached 10.84 million, signifying a 2.8% quarterly increase and a 14% year-over-year rise in digital subscription revenue. The average revenue per user (ARPU) for these digital subscriptions has risen by 2.1% on a yearly basis. The adjusted operating profit (AOP) for the same quarter was reported at $105 million, reflecting a 13.6% increase compared to the previous year. This growth underscores the company’s successful transition from a local news provider to a diversified media organization.

The strategic focus on expanding its digital footprint is evident, as the company targets a growth rate of 12 to 15% in digital subscriptions for the third quarter of 2025. The subscription model now constitutes around 75% of The New York Times Company’s total revenue, showcasing its effectiveness in adapting to changing media consumption habits.

The current dividend yield stands at approximately 1.5%, and The New York Times Company has decided to increase its annual dividend to $0.72 for 2025, up from $0.52 in the previous year. This increase reflects the management’s confidence in sustaining cash flow and indicates a commitment to returning at least 50% of free cash flow to shareholders through buybacks and dividends.

Institutional ownership of The New York Times Company is notably high at 95.73%, while the short percentage is recorded at 4.24%, further demonstrating the confidence investors have in the company. As of now, The New York Times has a market capitalization of approximately $8.77 billion, positioning it as a stable investment within a fragmented media sector.

The company is also recording a commitment to international expansion and looks to innovate through AI-driven personalization to enhance user engagement, ensuring that it remains relevant in a competitive media landscape. The focus on maintaining a high-quality, reliable news source remains at the forefront of its business strategy, aiming to build trust and accommodate diverse reader needs across various demographics.

As The New York Times Company approaches the dividend payment date set for July 2025, shareholders are urged to ensure they are properly documented in order to receive their dividends, which reflect the company’s ongoing commitment to its stakeholders while navigating the challenges and opportunities in today’s media environment.

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