Pearson plc (LON:PSON – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,046.50 ($13.23) and last traded at GBX 1,045.50 ($13.21), with a volume of 374340 shares. The stock had previously closed at GBX 1,035 ($13.08).
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on PSON shares. Shore Capital reissued a “buy” rating on shares of Pearson in a report on Friday, March 1st. Barclays decreased their price objective on shares of Pearson from GBX 975 ($12.32) to GBX 965 ($12.20) and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pearson from GBX 1,200 ($15.16) to GBX 1,220 ($15.42) and gave the company an “overweight” rating in a report on Wednesday, March 20th.
Get Our Latest Research Report on Pearson
Pearson Trading Up 0.7 %
Pearson Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a GBX 15.70 ($0.20) dividend. This is a boost from Pearson’s previous dividend of $7.00. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 21st. Pearson’s dividend payout ratio (DPR) is currently 4,339.62%.
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, Higher Education, and Workforce Skills.
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