Pearson plc (NYSE:PSO) Announces Semi-Annual Dividend of $0.10

Pearson plc (NYSE:PSO) announced a Semi-Annual dividend on Monday, July 29th, Zacks reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.095 per share on Thursday, September 19th. The ex-dividend date of this dividend is Friday, August 9th.

Pearson has raised its dividend payment by an average of 4.1% per year over the last three years. Pearson has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pearson to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 46.0%.

Pearson Stock Performance

PSO stock traded up $0.15 during midday trading on Wednesday, hitting $13.53. The company had a trading volume of 17,867 shares, compared to its average volume of 378,155. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.73. The stock’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.47. Pearson has a 52 week low of $10.27 and a 52 week high of $13.60.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a report on Tuesday.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.