The Company announced today that its Board of Directors declared a regular, quarterly cash dividend of $1.00 per share to be paid on December 10, 2012 to shareholders of record as of November 26, 2012. The Company also announced that it does not currently intend to pay a regular quarterly dividend in 2013. In addition, the Company announced that the Company's Board of Directors amended its share repurchase program to authorize the repurchase of up to $120 million in value of the Company's common stock. The Company had $80 million left under its authorization at September 30, 2012 and at the time the new authorization was approved by the Company’s Board of Directors. The Company intends to conduct such purchases, if any, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. This share repurchase program may be modified, suspended or terminated at any time by the Company without notice.
Shares and Options Outstanding
At September 30, 2012, the Company had 11,873,156 common shares issued and outstanding, and 100,000 stock options outstanding with an exercise price of $107.28 and a remaining contractual life of four months.Conference Call with Management Strayer Education, Inc. will host a conference call to discuss its third quarter 2012 earnings at 9:00 a.m. (ET) today. To participate on the live call, investors should dial (877) 303-9047 10 minutes prior to the start time. In addition, the call will be available via live Webcast over the Internet. To access the live Webcast of the conference call, please go to www.strayereducation.com 15 minutes prior to the start time of the call to register. An archived replay of the conference call will be available at (855) 859-2056 (conference id 39822150) starting at 1:00 p.m. (ET) today and will be available through Friday, November 23, and archived at www.strayereducation.com for 90 days. About Strayer Education, Inc. Strayer Education, Inc. (Nasdaq: STRA) is an education services holding company that owns Strayer University. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 97 campuses in 23 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online through its Jack Welch Management Institute. Strayer University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.