Pearson PLC Declares Special Dividend of $0.17 (PSO)

Pearson PLC (NYSE:PSO) announced a special dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Friday, April 6th will be given a dividend of 0.1666 per share on Wednesday, May 16th. The ex-dividend date of this dividend is Thursday, April 5th.

Pearson has decreased its dividend payment by an average of 14.7% per year over the last three years. Pearson has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings.

Pearson (PSO) traded up $0.18 during trading hours on Monday, reaching $10.60. The company’s stock had a trading volume of 269,431 shares, compared to its average volume of 304,592. Pearson has a 52 week low of $7.62 and a 52 week high of $10.69. The company has a quick ratio of 1.94, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

Separately, Zacks Investment Research upgraded Pearson from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Saturday, January 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Pearson currently has a consensus rating of “Hold” and an average price target of $11.00.

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About Pearson

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

Dividend History for Pearson (NYSE:PSO)

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