Pearson, PLC (NYSE:PSO) Announces $0.07 Semiannual Dividend

Pearson, PLC (NYSE:PSO) announced a semiannual dividend on Tuesday, August 8th, NASDAQ reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.065 per share on Wednesday, September 20th. This represents a dividend yield of 1.6%. The ex-dividend date is Wednesday, August 16th.

Pearson, PLC has increased its dividend payment by an average of 0.4% annually over the last three years. Pearson, PLC has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pearson, PLC to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 21.0%.

Pearson, PLC (PSO) traded down 1.15% during midday trading on Friday, hitting $7.73. The stock had a trading volume of 355,128 shares. The stock’s market cap is $6.30 billion. Pearson, PLC has a 52 week low of $7.04 and a 52 week high of $11.69. The company has a 50-day moving average price of $8.34 and a 200-day moving average price of $8.43.

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PSO has been the subject of several research reports. BidaskClub upgraded Pearson, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Pearson, PLC from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Wednesday, May 10th. Finally, Kepler Capital Markets downgraded Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Pearson, PLC currently has an average rating of “Hold” and a consensus price target of $10.00.

Pearson, PLC Company Profile

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

Dividend History for Pearson, PLC (NYSE:PSO)

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