Scholastic Corporation (SCHL) to Issue Quarterly Dividend of $0.20 on March 16th

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, December 17th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.20 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 30th.

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

Scholastic Trading Up 0.4%

Shares of Scholastic stock opened at $28.77 on Friday. Scholastic has a 1-year low of $15.77 and a 1-year high of $31.86. The company’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $25.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.65. The stock has a market capitalization of $723.28 million, a PE ratio of -43.59 and a beta of 1.18.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 18th. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.07 by $0.10. The firm had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.During the same period in the prior year, the business posted $1.82 EPS. As a group, equities analysts anticipate that Scholastic will post 0.84 earnings per share for the current year.

About Scholastic

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.