Perdoceo Education Declares Inaugural $0.15 Quarterly Dividend
Perdoceo Education Corp (NASDAQ: PRDO), an online higher education provider, declared its first quarterly dividend of $0.15 per share. The company said dividend payments will become an integral and growing part of its capital allocation strategy.
Perdoceo Education Corp (NASDAQ: PRDO), an online higher education provider, declared its first quarterly dividend of $0.15 per share on February 19, 2026. The dividend will be paid March 13, 2026 to shareholders of record as of March 2, 2026. Read more dividend announcements.
The company said it expects quarterly dividend payments to be an integral and growing part of its balanced capital allocation strategy, which also includes investments in student support and technology projects, as well as evaluating future acquisitions and share repurchases.
| Dividend Details | Information |
|---|---|
| Amount | $0.15 per share |
| Record Date | March 2, 2026 |
| Payment Date | March 13, 2026 |
| Type | Quarterly Cash Dividend (Inaugural) |
Strong Financial Performance Supports New Dividend
The dividend declaration follows a strong year for Perdoceo. Revenue for the full year 2025 increased 24.2% to $846.1 million compared to $681.3 million in 2024. Operating income rose 12.5% to $196.0 million, while adjusted operating income climbed 25.8% to $237.6 million.
Full-year earnings per diluted share reached $2.42 compared to $2.19 in the prior year, while adjusted earnings per diluted share increased to $2.61 from $2.26.
For the fourth quarter ended December 31, 2025, revenue increased 20.0% to $211.6 million compared to $176.4 million in the prior year quarter. Operating income rose 12.8% to $41.9 million, with adjusted operating income up 20.8% to $51.6 million.
Enrollment Growth and Balance Sheet Strength
Total student enrollments as of December 31, 2025 reached 44,400, an increase of 7.3% compared to 41,380 students at December 31, 2024. Colorado Technical University enrollments increased 6.6% to 29,950 students, while American InterContinental University enrollments rose 11.2% to 10,560 students.
The company ended the year with $643.5 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments, compared to $591.5 million at December 31, 2024. Net cash provided by operating activities for the full year 2025 totaled $225.2 million, up 39.4% from $161.6 million in the prior year.
Capital Deployment Activities
During 2025, Perdoceo repurchased 4.1 million shares of its common stock for $120.8 million at an average price of $29.17 per share. In the fourth quarter alone, the company repurchased 1.8 million shares for $54.1 million at an average price of $29.28 per share.
On January 2, 2026, the board of directors approved a new $100.0 million share repurchase program. The company said timing and volume of future repurchases will depend on stock price, trading volume, general market conditions, assessment of alternative uses of capital, and regulatory requirements.