New Oriental Education & Technology Group, Inc. (EDU) To Go Ex-Dividend on May 15th

New Oriental Education & Technology Group, Inc. (NYSE:EDU) announced a special dividend on Tuesday, October 28th. Investors of record on Friday, May 15th will be given a dividend of 0.60 per share on Friday, June 5th. The ex-dividend date of this dividend is Friday, May 15th.

New Oriental Education & Technology Group has a dividend payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect New Oriental Education & Technology Group to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 30.1%.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU traded up $0.88 on Wednesday, reaching $53.15. The company’s stock had a trading volume of 100,307 shares, compared to its average volume of 904,565. New Oriental Education & Technology Group has a 1-year low of $41.62 and a 1-year high of $64.97. The business’s 50-day moving average price is $55.03 and its two-hundred day moving average price is $55.94. The firm has a market cap of $8.40 billion, a PE ratio of 20.37, a PEG ratio of 0.88 and a beta of 0.24.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.10 EPS for the quarter. New Oriental Education & Technology Group had a return on equity of 11.67% and a net margin of 7.82%.The company had revenue of $1.42 billion for the quarter. As a group, sell-side analysts expect that New Oriental Education & Technology Group will post 3.19 EPS for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of large investors have recently bought and sold shares of EDU. TD Waterhouse Canada Inc. raised its position in shares of New Oriental Education & Technology Group by 2.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 9,108 shares of the company’s stock valued at $485,000 after buying an additional 218 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of New Oriental Education & Technology Group by 10.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock worth $186,000 after acquiring an additional 324 shares in the last quarter. Vident Advisory LLC increased its stake in New Oriental Education & Technology Group by 8.2% in the fourth quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock valued at $327,000 after acquiring an additional 449 shares during the last quarter. Ieq Capital LLC increased its stake in New Oriental Education & Technology Group by 11.5% in the fourth quarter. Ieq Capital LLC now owns 4,760 shares of the company’s stock valued at $262,000 after acquiring an additional 492 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in New Oriental Education & Technology Group by 7,314.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after purchasing an additional 512 shares in the last quarter.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.