Pearson, PLC Plans Dividend of $0.11 (NYSE:PSO)

Pearson, PLC (NYSE:PSO) announced a dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be given a dividend of 0.1103 per share on Monday, September 21st. This represents a yield of 130.0%. The ex-dividend date of this dividend is Friday, August 14th.

Pearson has raised its dividend payment by an average of 0.1%annually over the last three years. Pearson has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Pearson to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 21.4%.

Pearson Stock Performance

NYSE PSO traded down $0.20 during midday trading on Wednesday, hitting $15.96. 93,685 shares of the company traded hands, compared to its average volume of 1,017,839. Pearson has a 52 week low of $12.02 and a 52 week high of $17.75. The company’s 50-day simple moving average is $16.15 and its 200-day simple moving average is $14.51. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its stake in Pearson by 952.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after buying an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Pearson during the fourth quarter worth about $35,000. Farther Finance Advisors LLC grew its stake in shares of Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pearson during the fourth quarter valued at about $42,000. Finally, Royal Bank of Canada increased its holdings in shares of Pearson by 86.5% during the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares in the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.