Scholastic Corporation (SCHL) to Distribute Quarterly Dividend of $0.25 on December 15th

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.25 per share on Tuesday, December 15th. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 30th.

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

Scholastic Stock Up 1.0%

Shares of NASDAQ:SCHL opened at $39.14 on Wednesday. The company has a 50-day moving average price of $37.43 and a 200-day moving average price of $38.85. Scholastic has a 12 month low of $26.38 and a 12 month high of $48.07.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, September 24th. The company reported ($3.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.42) by ($0.21). The firm had revenue of $216.80 million for the quarter, compared to the consensus estimate of $224.69 million. Equities analysts expect that Scholastic will post 1.41 earnings per share for the current year.

Scholastic Company Profile

Scholastic Corporation (NASDAQ:SCHL) is a global children’s publishing, education and media company. It develops and distributes books, digital content, classroom magazines, educational technology and other learning materials for children, educators and families.

The company publishes fiction and nonfiction for children and young adults through trade imprints and recognizable series and brands, including Harry Potter, Clifford the Big Red Dog, Goosebumps, Captain Underpants and The Hunger Games.