Strategic Education Inc. (STRA) To Go Ex-Dividend on November 30th

Strategic Education Inc. (NASDAQ:STRA) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 30th will be given a dividend of $0.60 per share by the health services provider on Monday, December 7th. This represents a $2.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, November 30th.

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 Price Performance

Shares of NASDAQ:STRA opened at $52.20 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 307.06, a PEG ratio of 0.67 and a beta of 0.51. Strategic Education has a one year low of $51.01 and a one year high of $89.73. The firm has a 50 day simple moving average of $78.93 and a 200 day simple moving average of $80.04.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, November 5th. The health services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.23). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%. The company had revenue of $325.07 million during the quarter, compared to analysts’ expectations of $326.55 million. During the same period in the prior year, the firm earned $1.64 EPS. Strategic Education’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Strategic Education will post 7.23 EPS for the current year.

Institutional Trading of Strategic Education

Several hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC grew its holdings in Strategic Education by 0.9% during the 1st quarter. Lazard Asset Management LLC now owns 23,741 shares of the health services provider’s stock valued at $1,970,000 after buying an additional 207 shares during the last quarter. Allworth Financial LP grew its stake in Strategic Education by 52.4% in the 2nd quarter. Allworth Financial LP now owns 640 shares of the health services provider’s stock valued at $49,000 after buying an additional 220 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Strategic Education by 0.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,489 shares of the health services provider’s stock worth $3,102,000 after purchasing an additional 227 shares during the period. Axiom Investment Management LLC acquired a new stake in shares of Strategic Education in the 1st quarter valued at $25,000. Finally, Summit Global Investments raised its holdings in Strategic Education by 4.4% during the 1st quarter. Summit Global Investments now owns 7,475 shares of the health services provider’s stock worth $620,000 after buying an additional 313 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc (NASDAQ: STRA) is an education services company that provides postsecondary programs through Strayer University and Capella University. Its institutions serve working adults and other nontraditional students through online and campus-based learning options.

Strayer University offers undergraduate and graduate degree programs, professional certificates and other career-focused educational programs in areas such as business, information technology, health services and criminal justice.