Scholastic Co. (NASDAQ:SCHL) Announces Quarterly Dividend of $0.20

Scholastic Co. (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.20 per share on Monday, June 16th. This represents a $0.80 annualized dividend and a yield of 4.18%.

Scholastic has increased its dividend payment by an average of 10.1% per year over the last three years.

Scholastic Stock Up 0.5 %

Scholastic stock traded up $0.09 during trading hours on Wednesday, hitting $19.15. 463,467 shares of the stock traded hands, compared to its average volume of 229,990. The firm’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $24.21. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The company has a market cap of $538.13 million, a PE ratio of -106.38 and a beta of 1.10. Scholastic has a one year low of $17.72 and a one year high of $39.54.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. On average, research analysts forecast that Scholastic will post 0.84 EPS for the current year.

Scholastic Company Profile

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 print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.