Scholastic Corporation (NASDAQ:SCHL) Plans Dividend Increase – $0.25 Per Share

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 31st will be paid a dividend of 0.25 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.2%. 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 by an average of 0.1%per year over the last three years.

Scholastic Price Performance

SCHL opened at $46.36 on Thursday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.49 and a beta of 0.99. The business’s 50-day moving average price is $43.58 and its two-hundred day moving average price is $38.77. Scholastic has a 1 year low of $21.34 and a 1 year high of $48.07.

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.