tiprankstipranks
Trending News
More News >

Embark Early Education Expands with New Acquisitions and Dividend Announcement

Story Highlights
  • Embark Early Education announces a fully franked quarterly dividend of AUD0.015 per share.
  • The company is acquiring two centers in Queensland, increasing its total to 40 centers.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Embark Early Education Expands with New Acquisitions and Dividend Announcement

Confident Investing Starts Here:

The latest announcement is out from Evolve Education Group Ltd ( (AU:EVO) ).

Embark Early Education Limited has announced a quarterly dividend payment of AUD0.015 per share for FY2024, which will be fully franked. Additionally, the company has executed conditional contracts to acquire two more centers in Queensland, increasing its total number of centers to 40. These acquisitions, totaling $3.7 million, will be funded by bank debt and are expected to settle between late May and early July, subject to regulatory approvals.

The most recent analyst rating on (AU:EVO) stock is a Buy with a A$0.96 price target. To see the full list of analyst forecasts on Evolve Education Group Ltd stock, see the AU:EVO Stock Forecast page.

More about Evolve Education Group Ltd

Embark Early Education Limited operates in the early childhood education sector, focusing on providing quality education and care services through its network of centers across Australia.

Average Trading Volume: 114,222

Technical Sentiment Signal: Sell

Current Market Cap: A$127.5M

See more data about EVO stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App