New Oriental Education (EDU) Declares $0.40 Quarterly Dividend; 6.8% Yield
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New Oriental Announces Results for the Fourth Fiscal Quarter and Fiscal Year Ended May 31, 2015 and Declares a Special Cash Dividend
July 21, 2015 4:00 AM EDTBEIJING, July 21, 2015 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2015.
Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2015
Total net revenues increased by 14.4% year-over-year to US$328.8 million for the fourth fiscal quarter of 2015. Total net revenues would have increased 16.2% if including US$5.3 million of temporarily deferred revenue resulting from the Company's customer loyalty... More