Pearson plc (NYSE:PSO) Plans Semi-Annual Dividend of $0.10

Pearson plc (NYSE:PSO) announced a Semi-Annual dividend on Monday, July 29th, Zacks reports. Investors of record on Friday, August 9th will be paid a dividend of 0.095 per share on Thursday, September 19th. The ex-dividend date of this dividend is Friday, August 9th.

Pearson has increased its dividend payment by an average of 4.1% annually over the last three years. Pearson has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pearson to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 46.0%.

Pearson Price Performance

Shares of PSO stock opened at $13.38 on Wednesday. Pearson has a 12-month low of $10.27 and a 12-month high of $13.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67. The business has a 50 day simple moving average of $12.50 and a 200 day simple moving average of $12.47.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a research report on Tuesday.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.