TAL Education Group (TAL) to Distribute Special Dividend of $0.10 on December 18th

TAL Education Group (NYSE:TAL) announced a special dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.10 per share on Friday, December 18th. The ex-dividend date is Tuesday, December 1st.

TAL Education Group has a payout ratio of 346.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TAL Education Group to earn $1.00 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 180.0%.

TAL Education Group Price Performance

TAL opened at $9.88 on Friday. The firm has a market capitalization of $5.47 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.09. The business’s 50-day moving average is $11.72 and its two-hundred day moving average is $11.10. TAL Education Group has a 1 year low of $8.88 and a 1 year high of $13.23.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, October 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.24). TAL Education Group had a net margin of 22.13% and a return on equity of 19.45%. The firm had revenue of $994.65 million for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, sell-side analysts expect that TAL Education Group will post 1.26 EPS for the current year.

TAL Education Group Company Profile

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.