IDP Education Limited (ASX:IEL) Plans Dividend Increase – $0.09 Per Share

IDP Education Limited (ASX:IEL) declared a interim dividend on Friday, February 28th, MarketIndexAU Dividends reports. Investors of record on Wednesday, March 26th will be paid a dividend of 0.09 per share on Wednesday, March 26th. This represents a yield of 0.9%. The ex-dividend date is Tuesday, March 4th. This is a positive change from IDP Education’s previous interim dividend of $0.08.

IDP Education Stock Performance

The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 75.71. The company has a market cap of $3.45 billion, a PE ratio of 26.01, a PEG ratio of 1.50 and a beta of 1.27.

Insider Activity at IDP Education

In other news, insider Tennealle O’Shannessy purchased 4,361 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of A$12.41 ($7.71) per share, for a total transaction of A$54,120.01 ($33,614.91). Corporate insiders own 16.38% of the company’s stock.

IDP Education Company Profile

IDP Education Limited engages in the placement of students into education institutions in Australia, the United Kingdom, the United States, Canada, New Zealand, and Ireland. Its services include counselling, application processing, pre-departure guidance, student placement and examinations, English language teaching, client relations, online student recruitment, as well as examinations support and shared services.