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

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.60 per share by the health services provider on Monday, March 17th. This represents a $2.40 annualized dividend and a dividend yield of 2.45%.

Strategic Education has a dividend payout ratio of 35.8% 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 Stock Up 0.6 %

Shares of STRA opened at $97.94 on Thursday. The stock’s fifty day simple moving average is $96.88 and its 200-day simple moving average is $94.93. The firm has a market capitalization of $2.41 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. Analysts anticipate that Strategic Education will post 4.79 EPS for the current year.

Analysts Set New Price Targets

STRA has been the topic of several analyst reports. Barrington Research restated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a report on Tuesday, January 21st. StockNews.com upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $126.00.

Strategic Education Company Profile

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.