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

Strategic Education, Inc. (NASDAQ:STRA) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Investors 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 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, December 2nd.

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 Stock Up 2.2 %

Shares of NASDAQ:STRA opened at $98.51 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57. The business has a 50 day simple moving average of $90.67 and a two-hundred day simple moving average of $103.07. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STRA. Barrington Research reaffirmed an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research note on Thursday. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. BMO Capital Markets dropped their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, Truist Financial decreased their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.