- Laureate Education Inc (NASDAQ:LAUR) said its board of directors approved the payment of a special cash distribution of $0.83 per share.
- The special cash distribution is to be paid on October 12, 2022, to each holder of record on September 28, 2022.
- The aggregate amount of the Distribution is expected to be approximately $137 million.
- The proceeds being distributed are attributable to the release of $71.7 million of escrowed funds from the company’s sale of Walden e-Learning LLC.
- Price Action: LAUR shares closed lower by 1.05% at $11.28 on Wednesday.
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