Phoenix Education Partners, Inc. (NYSE:PXED) Raises Dividend to $0.23 Per Share

Phoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, November 13th. This is a 9.5% increase from Phoenix Education Partners’s previous quarterly dividend of $0.21.

Phoenix Education Partners Stock Down 0.2%

PXED opened at $19.19 on Wednesday. Phoenix Education Partners has a 1-year low of $18.80 and a 1-year high of $35.90. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $703.74 million and a price-to-earnings ratio of 8.38. The business has a 50 day moving average of $25.13 and a 200-day moving average of $28.58.

Phoenix Education Partners (NYSE:PXED – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Phoenix Education Partners had a net margin of 8.74% and a return on equity of 55.76%. The business had revenue of $260.68 million for the quarter. As a group, sell-side analysts anticipate that Phoenix Education Partners will post 3.76 earnings per share for the current year.

About Phoenix Education Partners

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Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.

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