Perdoceo Education Corporation (NASDAQ:PRDO) Announces Quarterly Dividend of $0.15

Perdoceo Education Corporation (NASDAQ:PRDO) declared a quarterly dividend on Tuesday, November 4th. Investors of record on Friday, November 28th will be paid a dividend of 0.15 per share on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th.

Perdoceo Education has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Perdoceo Education to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.1%.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded down $1.12 during midday trading on Wednesday, hitting $29.89. The company had a trading volume of 65,189 shares, compared to its average volume of 585,939. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.92 and a beta of 0.88. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $34.89 and a 200 day simple moving average of $32.12. Perdoceo Education has a 12-month low of $23.28 and a 12-month high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $211.87 million during the quarter, compared to analysts’ expectations of $207.02 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. As a group, analysts predict that Perdoceo Education will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer owned 524,047 shares of the company’s stock, valued at $18,430,732.99. The trade was a 7.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction on Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction of $742,420.00. Following the sale, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 205,656 shares of company stock worth $6,871,148 over the last 90 days. Corporate insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Perdoceo Education by 9.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 36,424 shares of the company’s stock worth $951,000 after acquiring an additional 3,095 shares during the period. Principal Financial Group Inc. increased its stake in Perdoceo Education by 2.7% during the first quarter. Principal Financial Group Inc. now owns 327,431 shares of the company’s stock worth $8,245,000 after purchasing an additional 8,468 shares during the period. Allianz Asset Management GmbH increased its stake in Perdoceo Education by 212.6% during the first quarter. Allianz Asset Management GmbH now owns 62,026 shares of the company’s stock worth $1,562,000 after purchasing an additional 42,186 shares during the period. Northern Trust Corp increased its stake in Perdoceo Education by 16.6% during the first quarter. Northern Trust Corp now owns 1,064,875 shares of the company’s stock worth $26,814,000 after purchasing an additional 151,977 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Perdoceo Education by 58.9% during the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock worth $27,398,000 after purchasing an additional 403,157 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.