Strategic Education Inc (NASDAQ:STRA) Declares Dividend Increase – $0.60 Per Share

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Strategic Education Inc (NASDAQ:STRA) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.60 per share by the health services provider on Monday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from Strategic Education’s previous quarterly dividend of $0.50.

Shares of Strategic Education stock opened at $138.45 on Thursday. Strategic Education has a 52-week low of $102.21 and a 52-week high of $189.79. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.39 and a beta of 0.47. The company has a fifty day moving average of $132.43 and a 200-day moving average of $162.88.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.08. Strategic Education had a net margin of 7.69% and a return on equity of 9.40%. The company had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $237.24 million. The firm’s revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. On average, analysts predict 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 shares were sold at an average price of $132.73, for a total transaction of $1,327,300.00. Following the completion of the sale, the insider now owns 50,428 shares of the company’s stock, valued at approximately $6,693,308.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Strategic Education from a “hold” rating to a “sell” rating and set a $143.00 price target for the company. in a research report on Tuesday, October 15th. Barrington Research reissued a “buy” rating and set a $175.00 price target on shares of Strategic Education in a research report on Monday, November 11th. ValuEngine raised shares of Strategic Education from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, BidaskClub raised shares of Strategic Education from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $182.00.

Strategic Education Company Profile

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.

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Dividend History for Strategic Education (NASDAQ:STRA)

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