Fox Corporation Raises Dividend Yield to 0.9% with $0.28 Payment

Fox Corporation (NASDAQ:FOXA) announced a $0.28 dividend payment, a 36.5% EPS growth expected next year, and a potential payout ratio of 9.6% by next year. Despite a low dividend yield of 0.9%, the company's earnings coverage and history of growth make it an attractive income stock. The dividend has increased from $0.46 in 2019 to $0.56, with a CAGR of 2.9%.