Perdoceo Education Corporation (PRDO) To Go Ex-Dividend on September 2nd

Perdoceo Education Corporation (NASDAQ:PRDO) declared a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Investors of record on Tuesday, September 2nd will be given a dividend of 0.15 per share on Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a 15.4% increase from Perdoceo Education’s previous quarterly dividend of $0.13.

Perdoceo Education has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Perdoceo Education to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 20.0%.

Perdoceo Education Price Performance

PRDO stock opened at $32.74 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. Perdoceo Education has a 52 week low of $20.55 and a 52 week high of $34.60. The firm’s fifty day moving average is $30.90 and its 200 day moving average is $29.00. The firm has a market cap of $2.13 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.87 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. During the same quarter last year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. Research analysts predict that Perdoceo Education will post 2.41 earnings per share for the current year.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.