Fox Corporation

(NASDAQ Global Select)
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Slightly Bullish +25

FOXA Dividend History: 0.98% Yield Β· $0.57 annual | MerryDiv

AI-generated analysis

πŸ“ˆ Fox Corporation (FOXA) pays an annual dividend of $0.57 per share with a current yield of 0.98% at a stock price of $65.42.

πŸ“… The next ex-dividend date is scheduled for September 2, 2026, following the last declared payment of $0.29 per share.

πŸ“Š FOXA has achieved five consecutive years of dividend growth, with the annual payout rising from $0.46 in 2019 to $0.55 by 2025.

πŸ›‘οΈ The company maintains a conservative payout ratio of 17.0%, indicating a very safe dividend supported by substantial earnings headroom.

πŸ“‰ FOXA stock displays low volatility with a beta of 0.559, moving well below the broader market to appeal to income investors.

🏒 The business operates through Cable Network Programming (FOX News, FS1), Television (FOX network, Tubi), and Corporate segments including 29 local stations.

πŸ“ˆ The dividend grew by a compound annual rate of 3.0% from 2019 to 2025, with the largest single-year increase occurring in 2022 at 4.3%.

πŸ’° The current yield of 0.98% sits above the company's 5-year average of 0.78%, reflecting income growth relative to historical norms.

πŸ“Ί Revenue streams are diversified across cable networks, owned-and-operated local TV stations, and a growing advertising-supported streaming presence via Tubi.

Bullish Signals
  • Fox Corporation maintains a very safe dividend supported by a conservative payout ratio of only 17.0%, leaving substantial room to sustain payments even if earnings face pressure.
  • The company has delivered five consecutive years of dividend growth, demonstrating management commitment and financial stability without pausing or reversing the trend.
  • FOXA exhibits low volatility with a beta of 0.559, providing portfolio diversification and stability that appeals to income investors prioritizing lower risk over high headline yields.
Risk Factors
  • The current dividend yield of 0.98% is classified as low (below 2%), representing a trade-off where the company retains most earnings rather than maximizing immediate shareholder income.
  • The Cable Network Programming segment, which houses key assets like FOX News and FS1, faces an ongoing structural decline in traditional cable viewership that directly affects revenue stability.
Full Analysis
Fox Corporation (FOXA) is a prominent U.S.-based media entity established in 2018, operating through segments including Cable Network Programming, Television, and Corporate operations. The company owns recognizable brands such as FOX News, FS1, the FOX broadcast network, Tubi, and holds rights to 29 local broadcast stations. Its operational framework includes production facilities like the FOX Studios Lot in Los Angeles, featuring extensive sound stages and post-production resources. The company currently pays an annual dividend of $0.57 per share, resulting in a yield of 0.98% at a stock price of approximately $65.42. The next ex-dividend date is set for September 2, 2026. FOXA has demonstrated a consistent track record with five consecutive years of dividend growth, increasing the annual payout from $0.46 in 2019 to $0.55 by 2025, reflecting a compound annual growth rate (CAGR) of 3.0%. Financially, Fox Corporation maintains a conservative payout ratio of 17.0%, classifying the dividend as very safe with substantial room for maintenance even if earnings face pressure from advertising cycles or shifts in cable viewership. The stock exhibits low volatility with a beta of 0.559, making it attractive to income investors seeking stability over high headline yields. While the yield is modest compared to high-yield alternatives, the unbroken growth streak and diversified revenue streams provide a balanced risk profile for dividend-focused portfolios.