Pearson PLC (NYSE:PSO) announced a semiannual dividend on Tuesday, March 5th, Wall Street Journal reports. Investors of record on Friday, April 5th will be paid a dividend of 0.1715 per share on Wednesday, May 15th. This represents a yield of 3.12%. The ex-dividend date is Thursday, April 4th. This is a positive change from Pearson’s previous semiannual dividend of $0.07.
Pearson has increased its dividend by an average of 3.5% per year over the last three years. Pearson has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pearson to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 46.6%.
PSO stock traded up $0.03 during midday trading on Friday, hitting $10.96. The stock had a trading volume of 136,512 shares, compared to its average volume of 229,997. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 15.66 and a beta of -0.03. Pearson has a 52-week low of $10.14 and a 52-week high of $13.19. The company has a quick ratio of 2.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.15.
Several equities research analysts recently weighed in on PSO shares. UBS Group started coverage on Pearson in a research note on Thursday, March 7th. They issued a “neutral” rating and a $10.89 price target on the stock. JPMorgan Chase & Co. raised Pearson from a “neutral” rating to an “overweight” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.89.
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Pearson Company Profile
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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