Strategic Education, Inc. (NASDAQ:STRA) Announces Quarterly Dividend of $0.60

by · The Cerbat Gem

Strategic Education, Inc. (NASDAQ:STRA – Get Free Report) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Monday, December 2nd 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 2.49%.

Strategic Education has a payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Strategic Education to earn $5.46 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 44.0%.

Strategic Education Stock Performance

Shares of STRA opened at $96.42 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.24 and a beta of 0.57. The stock has a 50 day moving average of $90.63 and a 200 day moving average of $103.11. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Truist Financial reduced their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Barrington Research reissued an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.00.

View Our Latest Analysis on Strategic Education

Strategic Education Company Profile

(Get Free Report)

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.

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