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

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, March 18th. Investors of record on Thursday, April 30th will be paid a dividend of 0.20 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, April 30th.

Scholastic has raised its dividend payment by an average of 0.1%annually over the last three years.

Scholastic Stock Down 0.9%

Scholastic stock opened at $33.39 on Thursday. The firm has a market cap of $849.44 million, a PE ratio of -166.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 1.67. The firm’s 50 day moving average price is $34.15 and its two-hundred day moving average price is $30.32. Scholastic has a twelve month low of $15.77 and a twelve month high of $36.24.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 18th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.10. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. The company had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. During the same quarter last year, the business posted $1.82 EPS. On average, research analysts predict that Scholastic will post 0.84 EPS for the current fiscal year.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.