Educational Development Co. (EDUC) Declares Quarterly Dividend of $0.05
Educational Development Co. (NASDAQ:EDUC) announced a quarterly dividend on Friday, January 11th, Wall Street Journal reports. Shareholders of record on Thursday, February 21st will be given a dividend of 0.05 per share on Tuesday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, February 20th.
Educational Development has decreased its dividend payment by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 3 years.
NASDAQ:EDUC traded down $1.06 during trading hours on Friday, reaching $8.70. The company had a trading volume of 33,353 shares, compared to its average volume of 12,944. The company has a current ratio of 1.62, a quick ratio of 0.22 and a debt-to-equity ratio of 0.83. Educational Development has a 52 week low of $7.53 and a 52 week high of $14.35. The company has a market cap of $83.60 million, a PE ratio of 13.42 and a beta of 1.31.
In other Educational Development news, CEO Randall W. White sold 7,656 shares of Educational Development stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $10.43, for a total value of $79,852.08. Following the completion of the sale, the chief executive officer now owns 1,332,390 shares of the company’s stock, valued at approximately $13,896,827.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 3,935 shares of company stock valued at $29,686 and sold 10,056 shares valued at $105,532. Insiders own 23.60% of the company’s stock.
Educational Development Company Profile
Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.
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