Pearson, PLC (NYSE:PSO) to Issue Dividend of $0.11

Pearson, PLC (NYSE:PSO) announced a dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1103 per share on Monday, September 21st. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend is Friday, August 14th.

Pearson has increased its dividend by an average of 0.1%annually over the last three years. Pearson has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Pearson to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 21.4%.

Pearson Trading Down 1.3%

Pearson stock traded down $0.20 during mid-day trading on Wednesday, reaching $15.96. 56,806 shares of the company traded hands, compared to its average volume of 1,017,839. Pearson has a 52-week low of $12.02 and a 52-week high of $17.75. The firm’s 50 day moving average price is $16.15 and its 200 day moving average price is $14.51. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.