Pearson plc (LON:PSON) to Issue Dividend Increase – GBX 16.60 Per Share

Pearson plc (LON:PSON) declared 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 ($0.22) per share on Friday, May 9th. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, March 20th. This is a 124.3% increase from Pearson’s previous dividend of $7.40. The official announcement can be seen at this link.

Pearson Price Performance

Shares of LON:PSON traded down GBX 5 ($0.06) during midday trading on Tuesday, reaching GBX 1,255.50 ($16.31). 221,793,063 shares of the company’s stock traded hands, compared to its average volume of 13,883,938. Pearson has a 1 year low of GBX 925.20 ($12.02) and a 1 year high of GBX 1,401 ($18.20). The company has a market cap of £8.48 billion, a P/E ratio of 24.33, a PEG ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 42.49, a quick ratio of 1.07 and a current ratio of 1.78. The company has a fifty day simple moving average of GBX 1,313.51 and a two-hundred day simple moving average of GBX 1,200.88.

Pearson (LON:PSON) last announced its earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.81) earnings per share (EPS) for the quarter. Pearson had a return on equity of 8.98% and a net margin of 9.83%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Pearson from GBX 1,400 ($18.18) to GBX 1,450 ($18.83) and gave the company an “overweight” rating in a report on Tuesday, January 14th.

Insider Buying and Selling at Pearson

In other Pearson news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.83), for a total value of £1,010,737.44 ($1,312,816.52). 0.35% of the stock is currently owned by insiders.

Pearson Company Profile

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.