Strategic Education Inc (NASDAQ:STRA) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.60 per share by the health services provider on Monday, December 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, November 22nd. This is an increase from Strategic Education’s previous quarterly dividend of $0.50.
Shares of NASDAQ:STRA traded down $0.25 during midday trading on Wednesday, hitting $138.37. The company had a trading volume of 1,421 shares, compared to its average volume of 227,409. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.39 and a beta of 0.47. Strategic Education has a 12-month low of $102.21 and a 12-month high of $189.79. The company has a fifty day moving average of $132.32 and a two-hundred day moving average of $162.98.
Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.20 by $0.08. The firm had revenue of $241.70 million during the quarter, compared to analyst estimates of $237.24 million. Strategic Education had a return on equity of 9.40% and a net margin of 7.69%. Strategic Education’s revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. On average, equities analysts expect that Strategic Education will post 6.63 earnings per share for the current year.
In other Strategic Education news, Vice Chairman J Kevin Gilligan sold 10,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $132.73, for a total value of $1,327,300.00. Following the completion of the sale, the insider now owns 50,428 shares in the company, valued at approximately $6,693,308.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
Read More: Terms to Better Understand Call Options
Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter.