Strategic Education Inc. (NASDAQ:STRA) Plans Quarterly Dividend of $0.60

Key Points

• Strategic Education declared a quarterly dividend of $0.60 per share, or $2.40 annualized, yielding 4.1%. Shareholders of record November 30 are scheduled to be paid December 7.
• The dividend appears well covered: the current payout ratio is 35.9%, and analysts forecast a 28.6% payout ratio based on next year’s expected earnings.
• Quarterly earnings were $1.72 per share, below analyst expectations of $1.95, while revenue rose 1.6% year over year to $325.1 million, roughly in line with estimates.

Strategic Education Inc. (NASDAQ:STRA - Get Free Report) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.60 per share by the health services provider on Monday, December 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 30th.

Strategic Education has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $8.40 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 28.6%.

Strategic Education Price Performance

NASDAQ:STRA opened at $58.47 on Friday. The stock has a market cap of $1.30 billion, a P/E ratio of 9.74, a PEG ratio of 0.69 and a beta of 0.51. Strategic Education has a one year low of $57.10 and a one year high of $89.73. The company has a fifty day moving average price of $79.60 and a 200 day moving average price of $80.19.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The health services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.23). The firm had revenue of $325.07 million during the quarter, compared to analyst estimates of $326.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The company's revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $1.64 EPS. As a group, equities research analysts anticipate that Strategic Education will post 7.23 EPS for the current year.

More Strategic Education News

Here are the key news stories impacting Strategic Education this week:

• Positive Sentiment: Strategic Education declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 4.1% yield. Shareholders of record November 30 will be paid December 7. Read More.
• Neutral Sentiment: Revenue increased 1.6% year over year to $325.1 million, broadly in line with estimates, supported by Education Technology Services and higher U.S. higher-education revenue per student. Read More.
• Negative Sentiment: Quarterly earnings were $1.72 per share, below analyst estimates of roughly $1.92–$1.95. Reports attributed the sharp selloff in part to a $134 million Torrens write-down, which weighed on results. Read More.
• Negative Sentiment: Ademi LLP said it is investigating potential securities-fraud claims involving the company. The announcement adds legal and reputational uncertainty, although an investigation is not a finding of wrongdoing. Read More.

Strategic Education Company Profile

Strategic Education, Inc NASDAQ: STRA is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.

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