Pearson, PLC (PSO) to Issue Dividend of $0.23 on May 15th

Pearson, PLC (NYSE:PSO) declared a dividend on Friday, February 27th. Investors of record on Friday, March 20th will be paid a dividend of 0.2346 per share on Friday, May 15th. This represents a dividend yield of 364.0%. The ex-dividend date is Friday, March 20th.

Pearson has raised its dividend by an average of 0.1%per year over the last three years. Pearson has a payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pearson to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 55.4%.

Pearson Price Performance

NYSE PSO opened at $13.29 on Wednesday. The business has a 50 day simple moving average of $12.92 and a 200 day simple moving average of $13.56. Pearson has a 52-week low of $12.02 and a 52-week high of $16.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94.

Analyst Ratings Changes

Several research analysts have recently weighed in on PSO shares. Citigroup assumed coverage on shares of Pearson in a report on Monday, January 12th. They issued a “buy” rating for the company. Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings lowered shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.