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

Key Points

• Strategic Education Inc. has announced a quarterly dividend of $0.60 per share, which will be paid to shareholders on September 15th, marking an annualized dividend of $2.40 with a yield of 3.02%.
• The company reported earnings of $1.52 per share for the last quarter, surpassing analysts' expectations of $1.42, with a net margin of 9.14% and a return on equity of 7.29%.
• An institutional investor, Jane Street Group LLC, has increased its stake in Strategic Education by 40.2%, and now the institutional ownership of the company stands at 93.27%.

Strategic Education Inc. (NASDAQ:STRA - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.60 per share by the health services provider on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, September 5th.

Strategic Education has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $5.64 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 42.6%.

Strategic Education Price Performance

Shares of STRA traded up $0.74 during midday trading on Friday, reaching $74.88. 225,967 shares of the stock were exchanged, compared to its average volume of 204,990. The business's 50-day moving average price is $83.43 and its 200 day moving average price is $86.41. Strategic Education has a twelve month low of $72.25 and a twelve month high of $104.51. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.88 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.10. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%. The business had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The business's revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Strategic Education will post 4.79 earnings per share for the current fiscal year.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.