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.
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