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

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Friday, September 6th will be given a dividend of 0.60 per share by the health services provider on Monday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, September 6th.

Strategic Education has a dividend payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Strategic Education to earn $5.53 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 43.4%.

Strategic Education Stock Down 1.8 %

Strategic Education stock opened at $95.00 on Thursday. The stock has a market cap of $2.34 billion, a PE ratio of 22.51, a P/E/G ratio of 1.08 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average is $104.52 and its two-hundred day moving average is $106.65. Strategic Education has a 1-year low of $73.87 and a 1-year high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The firm had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Strategic Education will post 4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on STRA. BMO Capital Markets dropped their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Insider Activity

In related news, Director Viet D. Dinh purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $95.59 per share, with a total value of $477,950.00. Following the completion of the acquisition, the director now directly owns 20,020 shares in the company, valued at approximately $1,913,711.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

About Strategic Education

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.