Laureate Education (LAUR) Declares $7.01 Special Dividend; 41.4% Yield

Laureate Education (NASDAQ: LAUR) declared a special dividend of $7.01 per share.

The dividend will be payable on October 29, 2021, to stockholders of record on October 6, 2021, with an ex-dividend date of November 1, 2021.

The annual yield on the dividend is 41.4 percent.

• Laureate Education, Inc. (NASDAQ: LAUR) (the "Company") today announced that its board of directors (the "Board") approved a plan of partial liquidation (the "Plan") in connection with the previously disclosed sale of Walden e-Learning LLC (the "Sale"). Pursuant to the Plan, the gross proceeds from the Sale, less expenses related to the Sale, will be distributed to the Company's stockholders before the end of calendar year 2022. Notwithstanding the adoption of the Plan, the Company expects to continue operating as a going concern and a publicly traded company.
• The Company also announced today that, after the adoption of the Plan, the Board approved the payment of a special cash distribution (the "Distribution") pursuant to the Plan equal to $7.01 per each share of the Company's Class A common stock, par value $0.004 per share, and Class B common stock, par value $0.004 per share, to each holder of record of the common stock on October 6, 2021. The Distribution is scheduled to be paid on October 29, 2021. Based on the current number of shares outstanding, the aggregate amount of the Distribution is expected to be approximately $1.29 billion.
• Gross proceeds from the Sale include $74 million held in escrow and approximately $84 million of restricted cash related to collateralized regulatory obligations associated with activities of the divested business. In accordance with the Plan, upon release of escrow amounts and restricted cash, the Company intends to subsequently distribute to stockholders any net proceeds from such amounts in the form of special distributions before the end of calendar year 2022.

For a dividend history and other dividend-related data on Laureate Education (LAUR) click here.

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