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

Scholastic Co. (NASDAQ:SCHL) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.20 per share on Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, January 31st.

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

Scholastic Trading Down 1.9 %

Shares of SCHL stock opened at $19.98 on Wednesday. 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 stock has a fifty day simple moving average of $22.90 and a two-hundred day simple moving average of $27.00. Scholastic has a 52-week low of $18.57 and a 52-week high of $40.74.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, analysts forecast that Scholastic will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th.

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.