Strategic Education Inc. (STRA) To Go Ex-Dividend on March 9th

Strategic Education Inc. (NASDAQ:STRA) declared a quarterly dividend on Friday, March 6th. Shareholders of record on Monday, March 9th will be given a dividend of 0.60 per share by the health services provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, March 9th.

Strategic Education has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $5.64 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 42.6%.

Strategic Education Stock Down 2.0%

Shares of STRA stock opened at $82.46 on Friday. The firm has a 50 day moving average of $81.38 and a 200-day moving average of $80.91. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.82 and a beta of 0.56. Strategic Education has a 52 week low of $72.17 and a 52 week high of $93.45.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $311.46 million for the quarter, compared to the consensus estimate of $322.29 million. Strategic Education had a net margin of 9.98% and a return on equity of 8.75%. Strategic Education’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. Analysts anticipate that Strategic Education will post 4.79 earnings per share 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.