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

Scholastic Co. (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.20 per share on Monday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%.

Scholastic has increased its dividend payment by an average of 10.1% annually over the last three years.

Scholastic Stock Up 0.5 %

SCHL opened at $19.15 on Thursday. The firm has a market capitalization of $538.13 million, a P/E ratio of -106.38 and a beta of 1.10. Scholastic has a one year low of $17.72 and a one year high of $39.54. The company has a fifty day moving average price of $20.07 and a 200-day moving average price of $24.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Equities research analysts expect that Scholastic will post 0.84 earnings per share for the current fiscal 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.