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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) declared a quarterly dividend on Sunday, March 2nd, RTT News reports. Investors of record on Monday, March 10th will be given 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 2.96%. The ex-dividend date is Monday, March 10th.

Strategic Education has a dividend payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

NASDAQ:STRA traded up $0.68 on Monday, hitting $81.21. 267,343 shares of the stock were exchanged, compared to its average volume of 128,591. Strategic Education has a 52 week low of $78.62 and a 52 week high of $123.62. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.22 and a beta of 0.59. The company's 50-day moving average price is $96.33 and its 200 day moving average price is $94.75.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share 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%. The business had revenue of $311.46 million for the quarter, compared to the consensus estimate of $315.18 million. As a group, equities research analysts predict that Strategic Education will post 4.79 earnings per share for the current year.

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Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the sale, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. This trade represents a 18.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the transaction, the chief financial officer now owns 81,756 shares of the company's stock, valued at $7,998,189.48. This trade represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Analyst Ratings Changes

STRA has been the topic of several recent research reports. BMO Capital Markets reduced their price target on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Barrington Research decreased their target price on Strategic Education from $135.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $115.25.

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.