Strategic Education Inc. (NASDAQ:STRA) Shareholders to Get $0.60 Quarterly Dividend

Strategic Education Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 30th will be paid a dividend of $0.60 per share by the health services provider on Monday, December 7th. This represents a $2.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 30th.

Strategic Education has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $8.40 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 28.6%.

Strategic Education Stock Down 21.3%

Shares of NASDAQ:STRA opened at $58.47 on Friday. The company has a 50-day moving average price of $79.60 and a 200 day moving average price of $80.19. Strategic Education has a 52 week low of $57.10 and a 52 week high of $89.73. The company has a market cap of $1.30 billion, a P/E ratio of 9.74, a PEG ratio of 0.69 and a beta of 0.51.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 5th. The health services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.23). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%. The company had revenue of $325.07 million for the quarter, compared to analysts’ expectations of $326.55 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Strategic Education’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Strategic Education will post 7.23 EPS for the current year.

Key Stories Impacting Strategic Education

Here are the key news stories impacting Strategic Education this week:

• Positive Sentiment: Strategic Education declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 4.1% yield. Shareholders of record November 30 will be paid December 7. Read More.
• Neutral Sentiment: Revenue increased 1.6% year over year to $325.1 million, broadly in line with estimates, supported by Education Technology Services and higher U.S. higher-education revenue per student. Read More.
• Negative Sentiment: Quarterly earnings were $1.72 per share, below analyst estimates of roughly $1.92–$1.95. Reports attributed the sharp selloff in part to a $134 million Torrens write-down, which weighed on results. Read More.
• Negative Sentiment: Ademi LLP said it is investigating potential securities-fraud claims involving the company. The announcement adds legal and reputational uncertainty, although an investigation is not a finding of wrongdoing. Read More.

Strategic Education Company Profile

Strategic Education, Inc (NASDAQ: STRA) is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.