Pearson, PLC (NYSE:PSO) Announces $0.11 Dividend

Pearson, PLC (NYSE:PSO) announced a dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1103 per share on Monday, September 21st. This represents a yield of 130.0%. The ex-dividend date is Friday, August 14th.

Pearson has increased its dividend payment by an average of 0.1%per year over the last three years. Pearson has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pearson to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 21.4%.

Pearson Trading Down 1.3%

Shares of PSO stock traded down $0.20 during trading hours on Wednesday, hitting $15.96. 56,806 shares of the company were exchanged, compared to its average volume of 1,017,839. The company has a 50 day simple moving average of $16.15 and a two-hundred day simple moving average of $14.51. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.00.

About Pearson

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.