Scholastic Corporation (NASDAQ:SCHL) Announces Quarterly Dividend of $0.25

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 31st will be paid a dividend of 0.25 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a 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 raised its dividend payment by an average of 0.1%annually over the last three years.

Scholastic Stock Down 1.0%

NASDAQ SCHL opened at $46.36 on Thursday. Scholastic has a 52 week low of $21.34 and a 52 week high of $48.07. The firm has a 50 day moving average of $43.58 and a two-hundred day moving average of $38.77. The stock has a market capitalization of $1.01 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

Analyst Upgrades and Downgrades

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