Perdoceo sets quarterly dividend at $0.13 per share

SCHAUMBURG, Ill. - Perdoceo Education (NASDAQ:PRDO) Corporation (NASDAQ: PRDO), an educational services provider, has declared a quarterly cash dividend of $0.13 per share. The dividend is payable on March 13, 2025, to shareholders of record as of March 1, 2025. The company, currently valued at $1.89 billion, has shown strong market performance with a 63% return over the past year. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.

The company, which operates accredited academic institutions such as Colorado Technical University, the American InterContinental University System, and the University of St. Augustine for Health Sciences, emphasized that the decision to issue any future dividends would be contingent upon its financial health, retained earnings, and other pertinent factors as determined by the board of directors. The company maintains impressive gross profit margins of 83.5% and a healthy current ratio of 5.48, indicating strong operational efficiency and liquidity.

Perdoceo’s institutions offer a range of degree programs, from associate to doctoral levels, as well as non-degree and professional development courses. The company focuses on providing industry-relevant education tailored to the needs of adult learners. Innovations in education technology, such as the intellipath® learning platform, have been a hallmark of their approach to enhancing the academic experience.

The University of St. Augustine for Health Sciences is noted for its graduate degrees in health sciences, including physical therapy, occupational therapy, speech-language therapy, and nursing. Continuing education programs are also a key offering of the university.

This dividend announcement is based on a press release statement from Perdoceo Education Corporation. The company has made it clear that while this dividend is set, future dividends will be considered and declared by the board of directors based on a comprehensive review of the company’s financial standing and in accordance with applicable laws and corporate interests. InvestingPro data reveals the company’s strong financial health with multiple positive indicators. Subscribers can access 8 additional ProTips and comprehensive financial metrics in the Pro Research Report, providing deeper insights into PRDO’s investment potential.

In other recent news, Perdoceo Education Corporation reported a strong third quarter in 2024, with earnings and enrollments exceeding expectations. The company posted a net income of $38.3 million, or $0.57 per diluted share, and adjusted earnings of $0.59 per share, outpacing the predicted $0.52 to $0.54 range. Notably, enrollments at Colorado Technical University and American InterContinental University System experienced significant growth.

Additionally, the company announced the impending acquisition of the University of St. Augustine, expected to bolster Perdoceo’s offerings and contribute positively to operating income from 2025. This development aligns with Perdoceo’s expansion goals and is predicted to strengthen its position in the health sciences sector.

In terms of future expectations, the company anticipates an adjusted operating income for the full year 2024 between $188 million and $191 million, reflecting positive retention and engagement trends. For the fourth quarter of 2024, adjusted operating income is projected to be between $39 million and $42 million, marking a notable increase from the previous year.

These are the latest developments in the company’s operations, showing Perdoceo Education’s ability to surpass financial expectations and grow enrollments in a challenging education landscape.

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