Pearson PLC (NYSE:PSO) declared a semi-annual dividend on Thursday, July 30th, Wall Street Journal reports. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0778 per share on Thursday, September 24th. This represents a yield of 3.4%. The ex-dividend date is Thursday, August 13th.
Pearson has decreased its dividend by an average of 66.5% per year over the last three years and has raised its dividend every year for the last 1 years. Pearson has a dividend payout ratio of 80.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pearson to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 55.0%.
Shares of PSO opened at $7.00 on Friday. The stock has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $6.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.01 and a current ratio of 1.94. Pearson has a 52-week low of $5.08 and a 52-week high of $10.88. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 9.46 and a beta of -0.04.
PSO has been the subject of several research analyst reports. Zacks Investment Research downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Pearson in a research report on Thursday, June 4th. AlphaValue upgraded Pearson to a “reduce” rating in a research report on Tuesday, April 28th. Goldman Sachs Group upgraded Pearson from a “neutral” rating to a “buy” rating in a research report on Sunday, May 31st. Finally, Barclays restated an “equal weight” rating on shares of Pearson in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.25.
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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