Strategic Education Inc. (STRA) to Issue Quarterly Dividend of $0.60 on March 16th

Strategic Education Inc. (NASDAQ:STRA) declared a quarterly dividend on Thursday, February 26th. Investors of record on Monday, March 9th will be paid 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 yield of 2.9%. The ex-dividend date is Monday, March 9th.

Strategic Education has increased its dividend payment by an average of 0.0%per year over the last three years. Strategic Education has a dividend payout ratio of 35.9% indicating that 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 Trading Up 4.9%

STRA stock opened at $82.28 on Friday. The stock’s 50 day simple moving average is $81.07 and its 200 day simple moving average is $80.73. Strategic Education has a 12-month low of $72.17 and a 12-month high of $93.45. The stock has a market capitalization of $1.93 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.55.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. The firm had revenue of $311.46 million during the quarter, compared to analysts’ expectations of $322.29 million. Strategic Education had a return on equity of 8.73% and a net margin of 9.98%.The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. On average, research analysts predict that Strategic Education will post 4.79 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on STRA. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Thursday, January 22nd. Wall Street Zen raised shares of Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barrington Research reissued an “outperform” rating and set a $105.00 price objective on shares of Strategic Education in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $99.33.

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.