StockNews.com cut shares of Scholastic (NASDAQ:SCHL – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Scholastic Trading Up 1.5 %
Shares of SCHL stock opened at $29.73 on Friday. Scholastic has a 12 month low of $28.64 and a 12 month high of $45.98. The stock has a market cap of $850.28 million, a PE ratio of 20.50 and a beta of 1.02. The company’s fifty day moving average price is $35.45 and its 200-day moving average price is $36.84.
Scholastic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, August 30th. Scholastic’s dividend payout ratio (DPR) is presently 55.17%.
Institutional Trading of Scholastic
About Scholastic
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.
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