Scholastic Co. (NASDAQ:SCHL) Declares $0.20 Quarterly Dividend

Scholastic Co. (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.20 per share on Monday, June 16th. This represents a $0.80 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, April 30th.

Scholastic has raised its dividend payment by an average of 10.1% per year over the last three years.

Scholastic Price Performance

Shares of NASDAQ SCHL opened at $18.80 on Friday. Scholastic has a twelve month low of $17.72 and a twelve month high of $39.54. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $528.30 million, a price-to-earnings ratio of -104.44 and a beta of 1.10. The business has a 50 day simple moving average of $20.05 and a 200-day simple moving average of $24.14.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, equities research analysts expect 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.