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

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Shareholders of record on Monday, December 2nd will be given 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 yield of 2.49%.

Strategic Education has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. 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 Up 9.4 %

STRA opened at $96.42 on Thursday. The company has a market cap of $2.37 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.24 and a beta of 0.57. The business’s 50-day moving average price is $90.63 and its 200-day moving average price is $103.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STRA shares. BMO Capital Markets decreased their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Truist Financial decreased their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Strategic Education currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

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.