Strategic Education Inc (STRA) Plans Quarterly Dividend of $0.50

Strategic Education Inc (NASDAQ:STRA) declared a quarterly dividend on Thursday, November 8th, RTT News reports. Stockholders of record on Monday, December 3rd will be paid a dividend of 0.50 per share by the health services provider on Monday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 30th.

Strategic Education has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $6.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 32.8%.

Shares of STRA opened at $150.21 on Friday. Strategic Education has a 1 year low of $80.75 and a 1 year high of $154.89. The stock has a market cap of $1.50 billion, a PE ratio of 48.30, a P/E/G ratio of 3.03 and a beta of 1.03.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.24. The business had revenue of $160.90 million during the quarter, compared to the consensus estimate of $185.48 million. Strategic Education had a return on equity of 18.39% and a net margin of 3.14%. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, research analysts predict that Strategic Education will post 4.39 EPS for the current fiscal year.

A number of equities research analysts have weighed in on STRA shares. BidaskClub downgraded Strategic Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barrington Research reiterated a “buy” rating and issued a $160.00 target price on shares of Strategic Education in a report on Monday, October 1st. Zacks Investment Research upgraded Strategic Education from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, BMO Capital Markets lifted their target price on Strategic Education to $152.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.40.

In other Strategic Education news, insider J Kevin Gilligan sold 5,000 shares of Strategic Education stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $129.66, for a total value of $648,300.00. Following the completion of the sale, the insider now directly owns 136,995 shares in the company, valued at $17,762,771.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 60,000 shares of company stock valued at $7,899,800. 3.70% of the stock is currently owned by corporate insiders.

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About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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Dividend History for Strategic Education (NASDAQ:STRA)

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