Perdoceo Education Corporation (NASDAQ:PRDO) Shares Will Pay Quarterly Dividend of $0.17

by · The Markets Daily

Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 27th will be given a dividend of $0.17 per share on Tuesday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 27th.

Perdoceo Education has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

PRDO stock opened at $26.55 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.64 and a beta of 0.76. Perdoceo Education has a 52-week low of $26.41 and a 52-week high of $38.50. The company’s 50 day simple moving average is $32.29 and its 200-day simple moving average is $33.29.

Perdoceo Education (NASDAQ:PRDO – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $215.86 million during the quarter, compared to analyst estimates of $211.07 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Perdoceo Education will post 3.13 EPS for the current fiscal year.

Perdoceo Education Company Profile

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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.

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