New Oriental Education & Technology Group, Inc. (EDU) to Issue Special Dividend of $0.60 on June 5th

New Oriental Education & Technology Group, Inc. (NYSE:EDU) announced a special dividend on Tuesday, October 28th. Shareholders of record on Friday, May 15th will be given a dividend of 0.60 per share on Friday, June 5th. The ex-dividend date is Friday, May 15th.

New Oriental Education & Technology Group has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect New Oriental Education & Technology Group to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 30.1%.

New Oriental Education & Technology Group Stock Up 1.6%

New Oriental Education & Technology Group stock traded up $0.83 on Wednesday, hitting $53.10. The company’s stock had a trading volume of 138,534 shares, compared to its average volume of 905,006. New Oriental Education & Technology Group has a one year low of $41.62 and a one year high of $64.97. The firm has a market cap of $8.39 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 0.88 and a beta of 0.24. The company has a fifty day moving average price of $55.03 and a 200-day moving average price of $55.94.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Tuesday, April 14th. The company reported $0.10 earnings per share for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 11.67%. The business had revenue of $1.42 billion for the quarter. Analysts anticipate that New Oriental Education & Technology Group will post 3.19 EPS for the current year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.