Perdoceo Education Corporation (NASDAQ:PRDO) to Issue Dividend Increase – $0.17 Per Share

Perdoceo Education Corporation (NASDAQ:PRDO) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 1st will be given a dividend of 0.17 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 13.3% increase from Perdoceo Education’s previous quarterly dividend of $0.15.

Perdoceo Education has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Perdoceo Education to earn $3.34 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.0%.

Perdoceo Education Stock Up 6.0%

PRDO traded up $1.94 during trading on Friday, reaching $34.39. 440,804 shares of the stock traded hands, compared to its average volume of 643,028. The stock’s 50-day moving average is $33.12 and its 200 day moving average is $33.73. Perdoceo Education has a 12 month low of $26.66 and a 12 month high of $38.50. The stock has a market capitalization of $2.16 billion, a PE ratio of 13.18, a P/E/G ratio of 0.71 and a beta of 0.71.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $213.35 million during the quarter, compared to analyst estimates of $212.50 million. Perdoceo Education had a return on equity of 18.51% and a net margin of 19.91%.The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities research analysts anticipate that Perdoceo Education will post 3.11 EPS for the current year.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,647 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.98, for a total transaction of $127,572.06. Following the completion of the sale, the director owned 114,970 shares in the company, valued at approximately $4,021,650.60. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of Perdoceo Education stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $34.79, for a total transaction of $323,825.32. Following the transaction, the director owned 48,158 shares of the company’s stock, valued at $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,270 shares of company stock worth $1,336,193. 1.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PRDO. BlackRock Inc. purchased a new stake in Perdoceo Education in the 2nd quarter valued at $294,217,000. Deutsche Bank AG bought a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $2,270,000. Global Retirement Partners LLC purchased a new position in shares of Perdoceo Education in the 2nd quarter worth approximately $96,000. Bank of New York Mellon Corp bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $20,302,000. Finally, State of Wyoming purchased a new stake in shares of Perdoceo Education during the second quarter valued at approximately $375,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.