Strategic Education, Inc. (STRA) to Issue Quarterly Dividend of $0.60 on March 17th

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Friday, March 7th, RTT News reports. Investors 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 2.88%. The ex-dividend date is Monday, March 10th.

Strategic Education has a dividend payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.0 %

STRA stock opened at $83.33 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of 15.87, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education has a 1 year low of $78.43 and a 1 year high of $123.62. The company has a fifty day simple moving average of $95.41 and a 200 day simple moving average of $94.39.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). The firm had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. As a group, analysts forecast that Strategic Education will post 4.79 EPS for the current fiscal year.

Analysts Set New Price Targets

STRA has been the subject of a number of research analyst reports. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday. Barrington Research cut their target price on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, BMO Capital Markets cut their target price on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Insider Transactions at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $3,116,374.65. Following the sale, the chief executive officer now owns 140,281 shares of the company’s stock, valued at $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares in the company, valued at approximately $7,998,189.48. The trade was a 6.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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.