Scholastic Corp (NASDAQ:SCHL) Plans $0.15 — Dividend
Scholastic Corp (NASDAQ:SCHL) declared a — dividend on Thursday, September 19th, Wall Street Journal reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.15 per share on Monday, December 16th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 30th.
Scholastic has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Scholastic to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 41.1%.
SCHL stock traded down $1.20 during midday trading on Thursday, hitting $37.84. 491,553 shares of the stock were exchanged, compared to its average volume of 142,610. The stock’s 50-day moving average price is $35.41 and its 200-day moving average price is $36.64. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 35.02 and a beta of 0.84. Scholastic has a fifty-two week low of $31.38 and a fifty-two week high of $47.94.
A number of research firms have recently weighed in on SCHL. BidaskClub raised Scholastic from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research raised Scholastic from a “strong sell” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, August 1st. Finally, ValuEngine cut Scholastic from a “hold” rating to a “sell” rating in a report on Friday, June 14th.
Scholastic Company Profile
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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