IDP Education Limited (ASX:IEL) Raises Dividend to $0.09 Per Share

IDP Education Limited (ASX:IEL) announced a interim dividend on Friday, February 28th, MarketIndexAU Dividends reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.09 per share on Wednesday, March 26th. This represents a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 4th. This is an increase from IDP Education’s previous interim dividend of $0.08.

IDP Education Stock Performance

The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 75.71. The firm has a market capitalization of $3.45 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

Insider Transactions at IDP Education

In other news, insider Tennealle O’Shannessy purchased 4,361 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of A$12.41 ($7.71) per share, with a total value of A$54,120.01 ($33,614.91). Company insiders own 16.38% of the company’s stock.

About IDP Education

IDP Education Limited engages in the placement of students into education institutions in Australia, the United Kingdom, the United States, Canada, New Zealand, and Ireland. Its services include counselling, application processing, pre-departure guidance, student placement and examinations, English language teaching, client relations, online student recruitment, as well as examinations support and shared services.