Pearson PLC (PSO) Raises Dividend to $0.17 Per Share

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.

An institutional investor recently raised its position in Pearson stock. Geode Capital Management LLC grew its stake in Pearson PLC (NYSE:PSO) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,919 shares of the company’s stock after acquiring an additional 2,728 shares during the quarter. Geode Capital Management LLC’s holdings in Pearson were worth $297,000 at the end of the most recent quarter. 1.40% of the stock is owned by institutional investors.

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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Dividend History for Pearson (NYSE:PSO)

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