Scholastic Corporation (NASDAQ:SCHL) Plans $0.20 Quarterly Dividend

Scholastic Corporation (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, January 30th will be given 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 raised its dividend payment by an average of 0.1%per year over the last three years.

Scholastic Price Performance

Shares of Scholastic stock traded up $0.20 during trading hours on Thursday, reaching $28.85. The company’s stock had a trading volume of 82,556 shares, compared to its average volume of 320,310. The firm has a 50 day moving average price of $28.65 and a 200-day moving average price of $25.46. 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 cap of $725.13 million, a P/E ratio of -43.73 and a beta of 1.18. Scholastic has a one year low of $15.77 and a one year high of $31.86.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 18th. The company reported ($2.52) EPS for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.The company had revenue of $225.60 million during the quarter, compared to analysts’ expectations of $240.41 million. During the same quarter last year, the firm posted ($2.13) EPS. On average, analysts predict that Scholastic will post 0.84 EPS for the current year.

Scholastic Company Profile

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.