Scholastic Corporation (NASDAQ:SCHL) Increases Dividend to $0.25 Per Share

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 31st will be paid a dividend of 0.25 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, August 31st. This is a 25.0% increase from Scholastic’s previous quarterly dividend of $0.20.

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

Scholastic Stock Performance

Shares of Scholastic stock opened at $46.36 on Thursday. The company’s fifty day moving average is $43.58 and its two-hundred day moving average is $38.77. Scholastic has a 1 year low of $21.34 and a 1 year high of $48.07. The company has a market capitalization of $1.01 billion, a P/E ratio of 18.69, a PEG ratio of 1.49 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research downgraded shares of Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. B. Riley Financial lifted their price target on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Scholastic in a research report on Thursday, June 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.00.

Scholastic Company Profile

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.