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

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 30th will be given a dividend of 0.25 per share on Tuesday, December 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th.

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

Scholastic Price Performance

Shares of NASDAQ:SCHL opened at $35.01 on Thursday. The company’s fifty day moving average price is $41.05 and its 200-day moving average price is $40.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 0.78. The firm has a market capitalization of $660.29 million, a price-to-earnings ratio of 14.96, a PEG ratio of 1.67 and a beta of 1.01. Scholastic has a one year low of $22.68 and a one year high of $48.07.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.03. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. The company had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts anticipate that Scholastic will post 1.61 earnings per share for the current fiscal year.

Scholastic Company Profile

Scholastic Corporation is a global children’s publishing, education and media company. Founded in 1920 by M. R. Robinson, the company develops and distributes books, classroom materials, digital learning resources and educational media for children, families, teachers and schools.

Its publishing portfolio includes original and licensed children’s books, series and educational titles, while its education business provides classroom magazines, supplemental curriculum materials, professional learning resources and digital platforms.