New Oriental Education & Technology Group Inc. Plans — Dividend of $0.58 (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU) announced a — dividend on Monday, August 19th, Wall Street Journal reports. Shareholders of record on Monday, September 9th will be given a dividend of 0.58 per share on Monday, September 23rd. The ex-dividend date of this dividend is Monday, September 9th.

New Oriental Education & Technology Group Price Performance

NYSE EDU traded up $1.28 during mid-day trading on Wednesday, reaching $68.34. 783,153 shares of the stock were exchanged, compared to its average volume of 1,801,344. The stock has a market cap of $11.60 billion, a P/E ratio of 36.76 and a beta of 0.44. The stock has a 50 day simple moving average of $73.26 and a 200-day simple moving average of $81.58. New Oriental Education & Technology Group has a one year low of $52.34 and a one year high of $98.20.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. HSBC assumed coverage on New Oriental Education & Technology Group in a research note on Wednesday, May 29th. They issued a “buy” rating and a $110.00 price objective on the stock. Citigroup dropped their price target on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.67.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.