IDP Education Limited (ASX:IEL) Raises Dividend to $0.09 Per Share

IDP Education Limited (ASX:IEL) announced a interim dividend on Friday, February 28th, MarketIndexAU Dividends reports. Shareholders 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 is Tuesday, March 4th. This is an increase from IDP Education’s previous interim dividend of $0.08.

IDP Education Stock Performance

The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 75.71, a quick ratio of 1.51 and a current ratio of 1.59.

Insider Buying and Selling at IDP Education

In other IDP Education news, insider Tennealle O’Shannessy purchased 4,361 shares of IDP Education stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of A$12.41 ($7.76) per share, for a total transaction of A$54,120.01 ($33,825.01). Company insiders own 16.38% of the company’s stock.

IDP Education Company Profile

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.