TAL Education Group (NYSE:TAL) Plans Special Dividend of $0.10

TAL Education Group (NYSE:TAL) announced a special dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.10 per share on Friday, December 18th. The ex-dividend date is Tuesday, December 1st.

TAL Education Group has a dividend payout ratio of 346.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TAL Education Group to earn $1.00 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 180.0%.

TAL Education Group Stock Up 2.2%

Shares of NYSE:TAL opened at $10.28 on Friday. The company’s 50-day moving average price is $11.75 and its 200 day moving average price is $11.11. The company has a market cap of $5.69 billion, a PE ratio of 6.25, a P/E/G ratio of 0.58 and a beta of 0.09. TAL Education Group has a fifty-two week low of $8.88 and a fifty-two week high of $13.37.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). The firm had revenue of $994.65 million for the quarter, compared to the consensus estimate of $1.09 billion. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. As a group, equities analysts anticipate that TAL Education Group will post 1.26 EPS for the current year.

About TAL Education Group

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.