New Oriental Education (EDU) Declares $0.06 Special Dividend; 0.1% Yield

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Citi Reiterates Buy Rating on New Oriental Education (EDU)

August 19, 2024 10:12 AM EDT

Citi analyst Michelle Fang reiterated a Buy rating and $106.00 price target on New Oriental Education (NYSE: EDU)

The analyst comments "EDU has declared a special dividend of $0.60 per ADS, totaling ~$100 million. This dividend, combined with the previously announced $300 million increase in share repurchase... More