Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.17 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date 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. Equities 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 Price Performance
PRDO traded up $1.94 during mid-day trading on Friday, hitting $34.39. The stock had a trading volume of 440,804 shares, compared to its average volume of 643,028. The stock’s fifty day simple moving average is $33.12 and its 200-day simple moving average is $33.73. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.71 and a beta of 0.71. Perdoceo Education has a 1-year low of $26.66 and a 1-year high of $38.50.
Perdoceo Education Company Profile
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.
Recommended Stories
- Five stocks we like better than Perdoceo Education
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Perdoceo Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perdoceo Education and related companies with MarketBeat.com's FREE daily email newsletter.
