Scholastic Corporation (SCHL) To Go Ex-Dividend on April 30th

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, March 18th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.20 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, April 30th.

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

Scholastic Trading Up 2.5%

Shares of NASDAQ:SCHL opened at $34.24 on Friday. Scholastic has a 1 year low of $15.77 and a 1 year high of $36.24. The firm has a market capitalization of $871.07 million, a price-to-earnings ratio of -171.20 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24. The business’s 50 day moving average price is $34.18 and its 200-day moving average price is $30.35.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.45. The company had revenue of $329.10 million during the quarter, compared to analyst estimates of $331.53 million. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. On average, equities research analysts forecast that Scholastic will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Scholastic

Hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its position in Scholastic by 879.3% during the third quarter. Alliancebernstein L.P. now owns 1,159,261 shares of the company’s stock worth $31,741,000 after acquiring an additional 1,040,880 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Scholastic in the 3rd quarter valued at about $7,288,000. Thompson Siegel & Walmsley LLC purchased a new position in Scholastic in the 4th quarter worth approximately $7,070,000. Invesco Ltd. lifted its stake in Scholastic by 57.2% in the 4th quarter. Invesco Ltd. now owns 424,973 shares of the company’s stock worth $12,592,000 after purchasing an additional 154,668 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Scholastic by 160.5% during the 1st quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock worth $2,972,000 after purchasing an additional 96,998 shares during the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

About Scholastic

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.