Pearson plc (LON:PSON) Plans Dividend of GBX 16.60

Pearson plc (LON:PSON - Get Free Report) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be paid a dividend of GBX 16.60 ($0.21) per share on Friday, May 9th. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 124.3% increase from Pearson's previous dividend of $7.40. The official announcement can be accessed at this link.

Pearson Stock Down 1.7 %

LON:PSON traded down GBX 20.50 ($0.26) during mid-day trading on Friday, reaching GBX 1,177 ($15.20). The stock had a trading volume of 4,962,537 shares, compared to its average volume of 9,434,132. The company has a market capitalization of £7.95 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. Pearson has a 1-year low of GBX 925.20 ($11.95) and a 1-year high of GBX 1,401 ($18.09). The stock's 50 day simple moving average is GBX 1,307.51 and its two-hundred day simple moving average is GBX 1,203.76. The company has a debt-to-equity ratio of 42.49, a current ratio of 1.78 and a quick ratio of 1.07.

Pearson (LON:PSON - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.80) EPS for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

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Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Pearson from GBX 1,400 ($18.08) to GBX 1,450 ($18.72) and gave the company an "overweight" rating in a report on Tuesday, January 14th.

Insider Buying and Selling

In other Pearson news, insider Omar Abbosh sold 77,989 shares of Pearson stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.73), for a total value of £1,010,737.44 ($1,305,019.29). 0.35% of the stock is owned by corporate insiders.

About Pearson

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That's why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world's leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.