Pearson plc (LON:PSON) Announces GBX 5 Dividend

Pearson plc (LON:PSON) announced a dividend on Friday, August 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 5 ($0.07) per share on Friday, September 15th. This represents a yield of 0.8%. The ex-dividend date is Thursday, August 17th. The official announcement can be accessed at this link.

Shares of Pearson plc (PSON) opened at 615.50 on Friday. The firm’s 50-day moving average is GBX 659.53 and its 200-day moving average is GBX 666.47. The firm’s market cap is GBX 5.02 billion. Pearson plc has a 12-month low of GBX 552.00 and a 12-month high of GBX 899.50.

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In other news, insider Lincoln Wallen purchased 581 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were acquired at an average cost of GBX 697 ($9.08) per share, with a total value of £4,049.57 ($5,273.56).

A number of brokerages have issued reports on PSON. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 490 ($6.38) target price on shares of Pearson plc in a research report on Friday, August 4th. Liberum Capital reaffirmed a “sell” rating on shares of Pearson plc in a research report on Thursday. Barclays PLC upped their target price on Pearson plc from GBX 625 ($8.14) to GBX 705 ($9.18) and gave the company an “equal weight” rating in a research report on Monday, May 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 600 ($7.81) target price on shares of Pearson plc in a research report on Monday, May 15th. Finally, Jefferies Group LLC cut their target price on Pearson plc from GBX 540 ($7.03) to GBX 511 ($6.65) and set an “underperform” rating on the stock in a research report on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 695.39 ($9.06).

Pearson plc Company Profile

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 plc (LON:PSON)

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