On June 26, 2015, ITT Educational Services, Inc. (the "Company") submitted to the U.S. Department of Education (the "ED") the Company's audited consolidated financial statements for the fiscal year ended December 31, 2014, and the compliance audits for the fiscal year ended December 31, 2014 of its institutions' administration of the federal student financial aid programs under Title IV of the Higher Education Act of 1965, as amended, in which they participate. As a result, these submissions were made prior to their due date of June 30, 2015.
The Company believes that, based on its 2014 fiscal year consolidated financial statements, its institutions' composite score was 2.2 in 2014. An institution's composite score is a significant financial responsibility measurement of the ED, and must be at least 1.5 for the institution to be deemed financially responsible by the ED without the need for further oversight. In addition, in the aggregate, the Company derived approximately 80% of its revenue in 2014 and 82% of its revenue in 2013 from Title IV programs under the ED's 90/10 Rule calculation.
i thought it was every quarter? I might be wrong but if you own the stock on Sept 7 you will get your dividend.
2015 Final Dividend
Preliminary Results Announcement and Dividend Determination
25 August 2015
Last day to trade cum dividend on JSE Limited and currency conversion into RAND
4 September 2015
Ex-Dividend Date (Johannesburg Stock Exchange)
7 September 2015
Ex-Dividend Date (Australian & New York3 Stock Exchanges)
9 September 2015
Ex-Dividend Date (London Stock Exchange)
10 September 2015
Record Date (including currency conversion and currency election dates for Australian & London stock exchanges)
11 September 2015
29 September 2015
Please note that BHP Billiton Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 7 and 11 September 2015 (inclusive), nor will transfers between the UK register and the South African register be permitted, between the dates of 4 and 11 September 2015 (inclusive).