Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Stockholders of record on Wednesday, January 31st will be given a dividend of 0.15 per share on Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.44%.

Scholastic (NASDAQ:SCHL) remained flat at $$41.71 during trading on Wednesday. 77,700 shares of the company traded hands, compared to its average volume of 127,813. The firm has a market capitalization of $1,460.00, a P/E ratio of 32.84 and a beta of 0.78. Scholastic has a 52 week low of $33.51 and a 52 week high of $49.38.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.34) by ($0.33). The company had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. Scholastic had a net margin of 1.71% and a return on equity of 3.57%. The company’s revenue was down 33.1% on a year-over-year basis. During the same quarter last year, the business earned ($1.15) earnings per share. equities analysts anticipate that Scholastic will post 1.19 earnings per share for the current year.

In related news, insider Alan J. Boyko sold 13,100 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the sale, the insider now directly owns 44,146 shares of the company’s stock, valued at $1,800,715.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alan J. Boyko sold 7,327 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $42.00, for a total transaction of $307,734.00. Following the completion of the sale, the insider now owns 43,557 shares of the company’s stock, valued at approximately $1,829,394. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,100 shares of company stock valued at $954,483. Company insiders own 22.30% of the company’s stock.

Several research analysts have recently issued reports on SCHL shares. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a research note on Thursday, September 21st. Finally, BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.

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Scholastic Company Profile

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

Dividend History for Scholastic (NASDAQ:SCHL)

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