Strategic Education Inc. (NASDAQ:STRA) to Issue Quarterly Dividend of $0.60

Strategic Education Inc. (NASDAQ:STRA) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.60 per share by the health services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, September 4th.

Strategic Education has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $8.12 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 29.6%.

Strategic Education Stock Up 7.7%

Shares of STRA traded up $6.23 during trading on Wednesday, reaching $87.62. 724,567 shares of the company traded hands, compared to its average volume of 285,172. Strategic Education has a twelve month low of $69.70 and a twelve month high of $87.86. The stock has a market cap of $1.98 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.73 and a beta of 0.50. The stock has a 50-day simple moving average of $78.66 and a 200-day simple moving average of $80.12.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The company had revenue of $321.60 million during the quarter, compared to analysts’ expectations of $327.55 million. Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. Strategic Education’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. On average, equities research analysts predict that Strategic Education will post 7.2 EPS 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.