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.

Educational Development (NASDAQ:EDUC) last posted its earnings results on Thursday, January 10th. The company reported $0.34 EPS for the quarter. Educational Development had a net margin of 5.05% and a return on equity of 29.39%. The business had revenue of $40.48 million during the quarter.

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.

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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.

See Also: Balance Sheet

Dividend History for Educational Development (NASDAQ:EDUC)

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