Strategic Education, Inc. (NASDAQ:STRA) Plans Quarterly Dividend of $0.60

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.60 per share by the health services provider on Monday, March 17th. This represents a $2.40 annualized dividend and a yield of 2.45%.

Strategic Education has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $5.64 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 42.6%.

Strategic Education Price Performance

Strategic Education stock opened at $97.94 on Thursday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.22 and a beta of 0.59. The stock has a fifty day moving average price of $96.88 and a two-hundred day moving average price of $94.93. Strategic Education has a 52-week low of $85.11 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. On average, equities research analysts predict that Strategic Education will post 4.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on STRA shares. Barrington Research reiterated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research note on Tuesday, January 21st. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $126.00.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.