Strategic Education Inc. (STRA) to Issue Quarterly Dividend of $0.60 on June 1st

Strategic Education Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 22nd will be given a dividend of 0.60 per share by the health services provider on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 22nd.

Strategic Education has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Strategic Education to earn $8.12 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 29.6%.

Strategic Education Trading Down 1.2%

NASDAQ:STRA opened at $80.04 on Wednesday. The stock has a market cap of $1.81 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.75 and a beta of 0.52. The stock’s 50-day moving average is $80.58 and its 200-day moving average is $80.32. Strategic Education has a 1-year low of $69.70 and a 1-year high of $93.45.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.09). The firm had revenue of $305.93 million for the quarter, compared to the consensus estimate of $329.81 million. Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, equities analysts forecast that Strategic Education will post 7.2 EPS for the current year.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.