Scholastic Corporation (SCHL) To Go Ex-Dividend on August 31st

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, August 31st will be given a dividend of 0.25 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 31st. This is a 25.0% increase from Scholastic’s previous quarterly dividend of $0.20.

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

Scholastic Trading Down 0.4%

Shares of SCHL opened at $38.96 on Friday. The firm’s 50-day moving average price is $43.34 and its 200-day moving average price is $40.15. The firm has a market capitalization of $734.79 million, a price-to-earnings ratio of 16.65, a PEG ratio of 1.88 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. Scholastic has a 1-year low of $22.68 and a 1-year high of $48.07.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.03. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. The company had revenue of $476.10 million during the quarter, compared to the consensus estimate of $517.06 million. During the same period in the prior year, the firm earned $0.59 earnings per share. Sell-side analysts anticipate that Scholastic will post 1.6 EPS for the current 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.