Strategic Education Inc. (STRA) To Go Ex-Dividend on September 4th

Strategic Education Inc. (NASDAQ:STRA) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, September 4th will be given a dividend of 0.60 per share by the health services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 4th.

Strategic Education has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $8.40 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 28.6%.

Strategic Education Trading Up 0.6%

NASDAQ:STRA opened at $83.32 on Wednesday. Strategic Education has a 12 month low of $69.70 and a 12 month high of $89.73. The stock has a 50 day moving average of $81.23 and a two-hundred day moving average of $80.13. The firm has a market cap of $1.85 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.76 and a beta of 0.49.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The firm had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. Strategic Education’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 EPS. On average, research analysts forecast that Strategic Education will post 7.23 earnings per share for the current year.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.