Perdoceo Education Corporation (PRDO) to Issue Quarterly Dividend of $0.17 on December 11th

Perdoceo Education Corporation (NASDAQ:PRDO) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 27th will be given a dividend of $0.17 per share on Friday, December 11th. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 27th.

Perdoceo Education has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Perdoceo Education to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.6%.

Perdoceo Education Stock Performance

PRDO stock opened at $26.88 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 0.63 and a beta of 0.76. The business’s 50-day moving average is $32.15 and its two-hundred day moving average is $33.27. Perdoceo Education has a fifty-two week low of $26.24 and a fifty-two week high of $38.50.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Perdoceo Education had a return on equity of 18.93% and a net margin of 20.62%. The business had revenue of $215.86 million for the quarter, compared to analyst estimates of $211.07 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that Perdoceo Education will post 3.13 earnings per share for the current year.

About Perdoceo Education

Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education focused primarily on online learning. Through its institutions, the company offers career-oriented academic programs designed for working adults and other nontraditional students.

Perdoceo’s education brands include American InterContinental University and Colorado Technical University, which offer associate, bachelor’s, master’s and doctoral degree programs in areas such as business, information technology, healthcare, criminal justice and engineering.