IDP Education Limited (IEL) to Issue Interim Dividend of $0.09 on March 26th

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

IDP Education Price Performance

The company 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. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 75.71.

Insider Transactions at IDP Education

In other news, insider Tennealle O’Shannessy bought 4,361 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of A$12.41 ($7.71) per share, for a total transaction of A$54,120.01 ($33,614.91). Corporate 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.