Pearson, PLC (PSO) to Issue Dividend of $0.23 on May 15th

Pearson, PLC (NYSE:PSO) declared a dividend on Friday, February 27th. Investors of record on Friday, March 20th will be given a dividend of 0.2346 per share on Friday, May 15th. This represents a dividend yield of 364.0%. The ex-dividend date of this dividend is Friday, March 20th.

Pearson has raised its dividend payment by an average of 0.1%annually over the last three years. Pearson has a dividend payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pearson to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 55.4%.

Pearson Stock Performance

Shares of PSO opened at $13.29 on Wednesday. The company’s fifty day moving average is $12.92 and its 200 day moving average is $13.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $16.70.

Hedge Funds Weigh In On Pearson

Several institutional investors have recently made changes to their positions in PSO. AQR Capital Management LLC grew its holdings in Pearson by 16.2% during the 1st quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock worth $1,147,000 after acquiring an additional 9,977 shares in the last quarter. Millennium Management LLC purchased a new position in Pearson during the first quarter valued at approximately $11,546,000. NewEdge Advisors LLC raised its stake in Pearson by 10,532.1% in the first quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock worth $414,000 after buying an additional 25,593 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Pearson by 2.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock worth $34,336,000 after buying an additional 44,349 shares during the period. Finally, Bank of Montreal Can bought a new stake in Pearson during the 2nd quarter valued at $159,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.