Strategic Education Declares $0.60 Quarterly Dividend
Strategic Education, Inc. (NASDAQ: STRA), a provider of higher education and workforce training services, declared a quarterly cash dividend of $0.60 per share. The dividend will be paid June 1, 2026 to shareholders of record as of May 22, 2026.
Strategic Education, Inc. (NASDAQ: STRA), a provider of higher education and workforce training services to working adults, declared a regular quarterly cash dividend of $0.60 per share. Read more dividend announcements.
The dividend will be paid on June 1, 2026 to shareholders of record as of May 22, 2026.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.60 |
| Record Date | May 22, 2026 |
| Payment Date | June 1, 2026 |
First Quarter Financial Performance
The company reported cash provided by operations of $87.4 million for the first three months of 2026, up from $67.7 million in the same period of 2025. Free cash flow reached $77.3 million in the first quarter of 2026 compared to $57.3 million a year earlier.
Strategic Education ended the quarter with $162.6 million in cash, cash equivalents, and marketable securities. The company had no debt outstanding under its revolving credit facility.
Capital expenditures totaled $10.1 million in the first quarter, down slightly from $10.3 million in the prior-year period. Including cloud computing investments, total capital expenditures were $12.1 million compared to $14.8 million in the first quarter of 2025.
Bad debt expense as a percentage of revenue improved to 3.7% in the first quarter of 2026 from 4.2% in the same period of 2025.
Australia and New Zealand Operations
The company's Australia and New Zealand segment reported a loss from operations of $2.4 million in the first quarter of 2026 compared to a loss of $2.1 million in the prior-year period. The losses reflect revenue seasonality associated with the Australian summer months.