Pearson plc (LON:PSON) Raises Dividend to GBX 16.60 Per Share

Pearson plc (LON:PSONGet Free Report) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 16.60 ($0.22) per share on Friday, May 9th. This represents a yield of 1.33%. The ex-dividend date is Thursday, March 20th. This is a 124.3% increase from Pearson’s previous dividend of $7.40. The official announcement can be seen at this link.

Pearson Stock Down 0.4 %

PSON stock traded down GBX 5 ($0.06) during midday trading on Tuesday, reaching GBX 1,255.50 ($16.31). The company had a trading volume of 221,793,063 shares, compared to its average volume of 13,883,938. Pearson has a 1 year low of GBX 925.20 ($12.02) and a 1 year high of GBX 1,401 ($18.20). The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 42.49. The company has a market capitalization of £8.48 billion, a P/E ratio of 24.33, a PEG ratio of 0.83 and a beta of 0.31. The company has a 50 day moving average of GBX 1,313.51 and a two-hundred day moving average of GBX 1,200.88.

Pearson (LON:PSONGet Free Report) last released its earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.81) earnings per share (EPS) for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.

Insider Activity at Pearson

In other Pearson news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of GBX 1,296 ($16.83), for a total value of £1,010,737.44 ($1,312,816.52). 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on shares of Pearson from GBX 1,400 ($18.18) to GBX 1,450 ($18.83) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

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Pearson Company Profile

(Get Free Report)

At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.

Further Reading

Dividend History for Pearson (LON:PSON)

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