TAL Education Group (NYSE:TAL) to Issue Special Dividend of $0.10

TAL Education Group (NYSE:TAL) declared a special dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be given a dividend of $0.10 per share on Friday, December 18th. The ex-dividend date is Tuesday, December 1st.

TAL Education Group has a payout ratio of 346.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect TAL Education Group to earn $1.00 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 180.0%.

TAL Education Group Stock Up 1.0%

Shares of TAL Education Group stock opened at $10.24 on Friday. The stock has a market cap of $5.67 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.58 and a beta of 0.09. The business has a fifty day simple moving average of $11.75 and a 200 day simple moving average of $11.11. TAL Education Group has a 12 month low of $8.88 and a 12 month high of $13.37.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24). The business had revenue of $994.65 million during the quarter, compared to analyst estimates of $1.09 billion. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. Analysts expect that TAL Education Group will post 1.26 EPS for the current fiscal year.

Insider Activity at TAL Education Group

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the sale, the insider directly owned 15,144 shares in the company, valued at $185,968.32. This trade represents a 66.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.81% of the company’s stock.

Institutional Trading of TAL Education Group

Several institutional investors have recently added to or reduced their stakes in TAL. Farther Finance Advisors LLC grew its stake in TAL Education Group by 53.9% during the third quarter. Farther Finance Advisors LLC now owns 2,396 shares of the company’s stock worth $29,000 after buying an additional 839 shares in the last quarter. State of Wyoming lifted its position in TAL Education Group by 11.1% in the 1st quarter. State of Wyoming now owns 21,610 shares of the company’s stock valued at $246,000 after acquiring an additional 2,160 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of TAL Education Group by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,878 shares of the company’s stock worth $215,000 after acquiring an additional 2,185 shares in the last quarter. Vise Technologies Inc. increased its position in shares of TAL Education Group by 16.3% during the 3rd quarter. Vise Technologies Inc. now owns 22,072 shares of the company’s stock valued at $266,000 after purchasing an additional 3,098 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in TAL Education Group by 6.1% in the first quarter. The Manufacturers Life Insurance Company now owns 58,334 shares of the company’s stock worth $663,000 after buying an additional 3,374 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors.

About TAL Education Group

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.