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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.60 per share by the health services provider on Monday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.44%.

Strategic Education has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $5.46 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 44.0%.

Strategic Education Trading Up 2.2 %

Shares of NASDAQ:STRA traded up $2.09 during midday trading on Thursday, reaching $98.51. The company's stock had a trading volume of 349,233 shares, compared to its average volume of 129,592. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62. The business has a 50 day moving average price of $90.63 and a 200 day moving average price of $103.11.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. Truist Financial lowered their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Barrington Research reissued an "outperform" rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday. Finally, StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.00.

Strategic Education Company Profile

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.