Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 1st will be paid a dividend of 0.15 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st.
Perdoceo Education has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Perdoceo Education to earn $3.27 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 18.3%.
Perdoceo Education Trading Up 4.6%
NASDAQ PRDO traded up $1.60 on Friday, hitting $36.04. 683,061 shares of the stock were exchanged, compared to its average volume of 583,742. The company’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $32.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.06 and a quick ratio of 5.03. Perdoceo Education has a 52-week low of $26.66 and a 52-week high of $38.50. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.75 and a beta of 0.73.
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.
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