Scholastic Corporation (NASDAQ:SCHL) to Issue $0.25 Quarterly Dividend

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Friday, October 30th will be given a dividend of 0.25 per share on Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th.

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

Scholastic Trading Down 0.1%

Shares of Scholastic stock opened at $35.01 on Thursday. Scholastic has a 12-month low of $22.68 and a 12-month high of $48.07. The stock has a market capitalization of $660.29 million, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. The company has a 50-day simple moving average of $41.05 and a 200 day simple moving average of $40.44. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.10.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.03. The firm had revenue of $476.10 million for the quarter, compared to analyst estimates of $517.06 million. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. During the same period in the previous year, the business earned $0.59 earnings per share. Research analysts expect that Scholastic will post 1.61 earnings per share for the current fiscal year.

Scholastic Company Profile

Scholastic Corporation is a global children’s publishing, education and media company. Founded in 1920 by M. R. Robinson, the company develops and distributes books, classroom materials, digital learning resources and educational media for children, families, teachers and schools.

Its publishing portfolio includes original and licensed children’s books, series and educational titles, while its education business provides classroom magazines, supplemental curriculum materials, professional learning resources and digital platforms.